By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, January 17th. Please refresh for updates.

• Goldman Sachs (NYSE: GS) stock fell 2.4% after the investment bank's earnings plummeted in the final quarter of the year due to a sharp drop in revenue from asset and wealth management, as well as higher credit provisions and higher operating costs.

• Morgan Stanley (NYSE: MS) stock rose 1.1% after the lender beat expectations for fourth-quarter profit, as its trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.

• Pfizer (NYSE: PFE) stock fell 1.4% after Wells Fargo downgraded its stance on the pharmaceutical giant to ‘equal weight’ from ‘overweight’, saying uncertainty over its COVID business could make investors nervous.

• Lennar (NYSE: LEN) stock fell 0.1% after RBC downgraded the home construction company to ‘sector underperform’ from ‘sector perform’, seeing a difficult year for the housing sector.

• Hertz (NASDAQ: HTZ) stock rose 0.6% after the car rental firm announced it will make up to 25,000 electric vehicles available to rent to drivers of ride-hailing company Uber (NYSE: UBER), down 0.2%, in European capitals by 2025.

• Coinbase (NASDAQ: COIN) stock rose 6.6% with the crypto exchange platform benefiting from the two-week surge in the price of major digital token Bitcoin.

• Church & Dwight (NYSE: CHD) stock rose 1.3% after Morgan Stanley upgraded the consumer products seller to ‘overweight’ from ‘equal weight’, saying it is now trading at attractive levels after falling in 2022.