Stock Movers

Big Bank Earnings; Domino's Reports


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On this episode of Stock Movers:

- JPMorgan (JPM) is after reporting earnings. The big bank boosted its net interest income forecast for the full year and beat most estimates, but it is lower after showing slightly higher provision for credit losses than the market was expecting at $3.4 billion, compared to a consensus estimate of $3.08 billion.

- Wells Fargo (WFC) shares are higher after it raised a key profitability metric, aiming to achieve return on tangible common equity of 17% to 18% in the medium term. The lender reported net interest income of $11.95 billion in the third quarter, slightly missing analysts' estimates of $12.01 billion.

- Goldman Sachs (GS) shares are higher after it posted record third-quarter revenues as a resurgence in dealmaking pushed its investment banking haul past expectations. Global deal values topped $1 trillion in a third quarter for only the second time on record, helped by a slew of headline-grabbing transactions.

- Citi (C) jumped after it reported FICC sales & trading revenue for the third quarter that beat the average analyst estimate. 3Q Equities Sales & Trading Revenue came in at $1.54B, beating $1.33B estimates.

- Domino's (DPZ) share are rising after the company posted better-than-expected quarterly results, fueled by demand for promotions and stuffed crust pizza. The company’s stronger results reflect growing customer demand driven by its recent promotions, stuffed crust offering, and steady delivery momentum, including its “best-deal-ever” campaign and partnership with DoorDash.
Eric Mollo

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