Bank of America
The Brian Moynihan-led bank saw a notable rise of 4.5% after reporting earnings and revenue that exceeded analyst expectations. Bank of America earned $1.06 per share on revenue of $28.24 billion, surpassing the LSEG estimates of 95 cents per share on revenue of $27.5 billion. The strong performance was largely driven by robust investment banking revenue.
Morgan Stanley
Shares of the Wall Street investment bank surged 4% after reporting earnings that beat expectations by the largest margin in five years. Earnings came in at $2.80 per share, compared to the $2.10 consensus estimate from LSEG, while revenue of $18.22 billion exceeded the $16.70 billion forecast by analysts.
Archer-Daniels-Midland and Bunge Global
Following President Donald Trump’s threat to embargo cooking oil from China in retaliation for Beijing’s refusal to purchase U.S. soybeans, global agriculture businesses Archer-Daniels Midland and Bunge Global saw their stocks rise by 2.4% and 5.5%, respectively.
Abbott Laboratories
In contrast, Abbott Laboratories experienced a decline of 2.8% after its third-quarter revenue of $11.37 billion fell short of the $11.40 billion expected by analysts.
PNC Financial Services
The Pittsburgh-based regional bank saw a 2% drop in its stock despite reporting better-than-expected third-quarter earnings and revenue. Earnings were $4.35 per share, exceeding the $4.05 FactSet consensus estimate, while revenue reached $5.92 billion, higher than the $4.583 billion anticipated by analysts.
ASML
U.S.-listed shares of ASML jumped 4.6% after the semiconductor equipment maker announced that it expects total net sales in 2026 to surpass those of 2025. The company reported mixed results for its third quarter.
Papa John’s International
The pizza chain’s stock soared nearly 11% following a Reuters report that Apollo Global Management has made a new bid to take Papa John’s private at $64 a share.
Citizens Financial
Citizens Financial, based in Providence, Rhode Island, saw its earnings and revenue beat analyst estimates in the third quarter, resulting in a 3% increase in its stock. Earnings of $1.05 per share on revenue of $2.12 billion surpassed the $1.03 and $2.10 billion expectations from LSEG.
Synchrony Financial
The Stamford, Connecticut consumer finance provider slipped 1% after lowering the top end of its annual guidance. Synchrony now expects 2025 net revenue to be between $15 billion and $15.1 billion, down from previous guidance of $15 billion to $15.3 billion, although third-quarter earnings exceeded expectations.
Dollar Tree
The discount retailer’s stock jumped 8% after announcing that earnings per share are expected to increase by a “high-teens percentage” in fiscal 2026. Analysts currently anticipate about 15% EPS growth for the upcoming year, according to FactSet. Dollar Tree is set to host an investor day on Wednesday.
Sable Offshore
Shares of Sable Offshore plummeted 24% after a California judge ruled in favor of the state in a dispute involving the Santa Ynez project. The company expressed disagreement with the tentative ruling on Wednesday.
First Horizon
The Memphis-based regional bank rallied 3.4% following its latest earnings beat. First Horizon reported adjusted earnings of 51 cents, surpassing the 45 cents estimated by analysts polled by FactSet. Additionally, net interest income also exceeded expectations.
Sunrun
The rooftop solar panel maker surged nearly 4% after BMO Capital Markets upgraded Sunrun to market perform from underperform and raised its price target to $19 from $10, according to FactSet. However, the new price target still represents an 8% downside from Tuesday’s closing price of $20.68.
Grindr
Shares of the dating app Grindr jumped 4.3%. The company, which went public in early 2021, announced that it received a letter from large shareholders, who are also board members, proposing to take the company private. Grindr’s Board of Directors will form a special committee to evaluate the proposal.
— CNBC’s Fred Imbert, Sarah Min, Alex Harring, and John Melloy contributed reporting. (Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here.)
