Stock Movers

On this episode of Stock Movers:
- Bank of America (BAC) shares gain. Bank of America Corp.’s stock-trading desk set a record, riding a wave of volatility that helped push the bank’s earnings to the highest in nearly two decades. Revenue from equity trading climbed 30% to $2.8 billion in the first quarter, while fixed-income trading rose less than 1% to $3.5 billion.
- Broadcom (AVGO) shares rise. The chipmaker expanded its partnership with Meta to support the technology giant's AI compute infrastructure.
- Hermes ADRS fall. Hermès shares tumbled as much as 14% as the disruption from the conflict in the Middle East dented the Birkin bag maker’s sales growth, showing that even the luxury goods industry’s most-resilient player is feeling the effects.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Snap (SNAP) is laying off roughly 1,000 full-time employees, or 16% of its global workforce, as part of an effort by Chief Executive Officer Evan Spiegel to reduce costs and achieve profitability.
- Broadcom (AVGO) shares rise after the technology company expanded its partnership with Meta to deploy AI infrastructure. Shares in the Facebook parent edge higher, up 0.3%.
- Exchange stocks are rising in premarket trading after the US Securities and Exchange Commission approved a plan to remove $25,000 minimum equity requirements for day traders.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Bank of America (BAC) traders pulled in the business’s highest quarterly revenue in more than a decade, riding a wave of volatility that pushed the firm’s stock-trading desk to an all-time record.Revenue from equity trading climbed 30% to $2.8 billion in the first quarter — beating expectations — while fixed-income trading, which fell short of a consensus of analyst estimates, rose less than 1% to $3.5 billion, the company said in a statement Wednesday. The total trading haul helped push adjusted earnings to $1.11 a share, surpassing a $1.01 average of analysts’ estimates.
- Hermès shares tumbled as much as 14% as the disruption from the conflict in the Middle East dented the Birkin bag maker’s sales growth, showing that even the luxury goods industry’s most-resilient player is feeling the effects.
- Broadcom(AVGO) shares rise after the technology company expanded its partnership with Meta to deploy AI infrastructure. Shares in the Facebook parent edge higher, up 0.3%.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Hermès shares tumbled the most on record after the Birkin bag maker’s sales growth slowed, hit by the disruption from the conflict in the Middle East like many of its peers in the luxury goods industry.
- Standard Life agreed to buy the UK arm of Dutch insurer Aegon Ltd. for £2 billion ($2.7 billion) as the savings firm looks to grab a bigger slice of Britain’s pensions market.
- ASML’s raised full-year sales guidance confirms strong demand from chipmakers, but that has been anticipated by many investors ahead of the report, analysts said. Some see the assurance that at least 80 low-NA EUV tools expected to be delivered next year as a positive, though Barclays noted that some bullish estimates are even higher. The stock trades sideways at the open.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Hermès shares tumbled the most on record after the Birkin bag maker’s sales growth slowed, hit by the disruption from the conflict in the Middle East like many of its peers in the luxury goods industry.
- Kering shares fall 9.1% after the French luxury group’s key fashion & leather goods unit fell short of expectations, dragged down by worse-than-expected Gucci sales.
- ASML’s raised full-year sales guidance confirms strong demand from chipmakers, but that has been anticipated by many investors ahead of the report, analysts said. Some see the assurance that at least 80 low-NA EUV tools expected to be delivered next year as a positive, though Barclays noted that some bullish estimates are even higher. The stock trades sideways at the open.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Citigroup [C] shares gained as much as 3.3% after the bank reported FICC sales and trading revenue for the first quarter that beat the average analyst estimate. Equities sales and trading revenue also beat expectations. Piper Sandler said it was a much better quarter than it had forecast.

- Anthropic is preparing its next flagship model, Claude Opus 4.7, along with a new AI-powered tool for designing websites and presentations, The Information reports, citing an unidentified person with knowledge of the products. As a result, Adobe (ADBE) and Figma (FIG) slide 1.8% and 3.3% respectively.

- Travere Therapeutics (TVTX) shares jump as much as 47% in premarket trading after the drugmaker said the US FDA approved Filspari (sparsentan) to help treat a rare kidney disease called focal segmental glomerulosclerosis (FSGS).

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On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Isabelle Lee, Katie Greifeld, Carol Massar and Tim Stenovec.

- United Airlines (UAL) shares rose as much as 3.9% and American Airlines (AAL) shares gained as much as 9.6% after United Chief Executive Officer Scott Kirby floated a possible combination between the two airlines

- Globalstar (GSAT) shares rise 9.2% in premarket trading after Amazon (AMZN) agreed to acquire the company for $90 a share in cash and stock to extend satellite coverage and enable direct-to-device services. That represents a nearly 117% premium over Globalstar’s price from late October, before Bloomberg reported that the company was exploring a potential sale. The deal is expected to close in 2027

- Wells Fargo (WFC) fell short across its primary income streams in the first quarter, with net interest income and noninterest income lower than analysts' estimates. Wells Fargo's shares slumped 4.8% after the earnings report, with the company's results and unchanged 2026 guidance likely to cause modest disappointment and weigh on the bank's shares.

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On this episode of Stock Movers:
- Wells Fargo (WFC) shares slide as much as 6.8% on Tuesday, the biggest intraday drop since July, after the US bank reported net interest income for the first quarter that missed the average analyst estimate. JPMorgan (JPM) shares fell over 3% premarket Tuesday after the largest US bank cut its net interest income forecast for the full year.

- United Airlines (UAL) shares rose as much as 3.9% and American Airlines (AAL) shares gained as much as 9.6% after United Chief Executive Officer Scott Kirby floated a possible combination between the two airlines. JetBlue (JBLU) Advances 14%, most in a year beating gains in S&P 500

- Globalstar (GSAT) shares rise 9.2% in premarket trading after Amazon (AMZN) agreed to acquire the company for $90 a share in cash and stock to extend satellite coverage and enable direct-to-device services. That represents a nearly 117% premium over Globalstar’s price from late October, before Bloomberg reported that the company was exploring a potential sale. The deal is expected to close in 2027.

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On this episode of Stock Movers:
- JPMorgan Chase (JPM) shares fall. The largest US bank cut its net interest income forecast for the full year. This comes despite traders posting their highest-ever quarterly revenue in the first three months of the year, with record stock-trading results.
- Johnson & Johnson (JNJ) shares rise. Johnson & Johnson reported first-quarter sales above Wall Street’s expectations and bumped up its outlook for the year, led by strong growth of new cancer medicines and a drug for treatment-resistant depression.
- Globalstar (GSAT) shares gain. Amazon agreed to acquire the company for $90 a share in cash and stock to extend satellite coverage and enable direct-to-device services. Amazon’s proposed acquisition of Globalstar and agreement with Apple positions the company to become a third major player in the direct-to-device market alongside SpaceX and AST SpaceMobile, according to analyst Louie DiPalma.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Amazon.com (AMZN) agreed to acquire satellite operator Globalstar Inc. in a roughly $11.6 billion deal that would boost the tech giant’s efforts to build its own satellite operation.

- Bloom Energy (BE) shares gain after the fuel cell company expanded its partnership with Oracle to support rapid buildout of AI and cloud computing infrastructure.  

- American Airlines Group (AAL)  shares gain after United Chief Executive Officer Scott Kirby floated a possible combination between the two airlines.

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