Check out the companies making headlines in premarket trading. Regional bank stocks — The subsector ticked higher after driving down the broader market on Thursday. Zions rose more than 1% on the back of a Baird upgrade , while Western Alliance bounced by less than 1%. The SPDR S & P Regional Banking ETF (KRE) advanced 0.4%. Jefferies — The investment bank’s shares jumped 3% following Thursday’s plunge of more than 10%. Oppenheimer upgraded the stock to outperform on Friday, with the firm saying Jefferies’ exposure to First Brands is “very limited.” CSX — The railroad stock added 2.5% following better-than-expected earnings for the third quarter. CSX reported adjusted earnings of 44 cents per share on $3.59 billion in revenue, while analysts polled by LSEG penciled in 42 cents a share and $3.58 billion. Interactive Brokers Group — Shares lost 2.6% despite an expectation-beating earnings report for the third quarter. Interactive Brokers recorded earnings of 57 cents per share, excluding items, and $1.61 billion in revenue. That topped an LSEG of 54 cents in earnings per share and $1.52 billion in revenue. Oracle — The software stock shed 2.4%, giving back a chunk of its rally in Thursday’s session. Oracle on Thursday confirmed a cloud computing deal with Meta. Bank OZK — The regional bank slipped around 2% as third-quarter earnings missed expectations, adding to losses seen during Thursday’s regional bank sell-off. Bank OZK earned $1.59 per share, missing the consensus forecast for $1.66 a share from analysts surveyed by FactSet. Novo Nordisk , Eli Lilly — The pharmaceutical stocks each lost about 4% after President Donald Trump suggested obesity drug costs could be “much lower.” However, Dr. Mehmet Oz, administrator of the Centers for Medicare & Medicaid Services, noted that the price of the popular GLP-1 medications had not yet been negotiated by the White House. Fifth Third — Shares of the bank, which announced its acquisition of Comerica last week, gained 2.8% on the back of a better-than-expected earnings report for the third quarter. Fifth Third earned 91 cents per share and $2.31 billion in revenue, while analysts surveyed by LSEG forecasted 87 cents and $2.28 billion. Comerica shares rose 0.8% after also posting earnings. Micron Technology — Shares traded 1.8% lower after Reuters reported , citing sources, that Micron would exit the server chips business in China. Reuters reported that Micron’s business in the Asian country had failed to recover following a 2023 ban on its products in critical infrastructure. Huntington Bancshares — The regional bank popped 2%. Huntington earned 41 cents per share in the third quarter, surpassing the LSEG consensus forecast 37 cents a share. American Express — The financial stock added about 1% after beating expectations for the third quarter and raising its full-year guidance. American Express said it earned $4.14 per share on $18.43 billion in the quarter, while analysts polled by FactSet anticipated $4 a share and $18.05 billion. Truist Financial — The bank’s stock rose 2.8% on a stronger-than-anticipated third-quarter earnings report. Truist earned $1.07 per share, excluding items, and $5.24 billion in revenue, while analysts were expecting $1 and $5.20 billion. Intuitive Machines — The space technology stock rallied 4.8% on the heels of Deutsche Bank’s upgrade to buy from hold. Deutsche said the stock’s risk-to-reward ratio looks attractive and that the business has commercial catalysts on the horizon. — CNBC’s Pia Singh contributed reporting
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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