Bank of America, Papa John’s, ASML and more
Check out the companies making the biggest moves in premarket trading: Bank of America — The Brian Moynihan-led bank rose 4.5% after earnings and revenue beat analyst expectations . BofA earned $1.06 per share on revenue of $28.24 billion, while analysts polled by LSEG estimated a profit of 95 cents per share on revenue of $27.5 billion. Strong investment banking revenue drove the results. Morgan Stanley — The Wall Street investment bank reported earnings that beat expectations by the largest margin in five years, sending shares 4% higher. Earnings came in at $2.80 per share, versus the $2.10 LSEG consensus estimate, while revenue of $18.22 billion topped the $16.70 billion analyst forecast. Archer-Daniels-Midland , Bunge Global — President Donald Trump threatened 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 rose 2.4% and 5.5%, respectively. Abbott Laboratories —The stock shed 2.8% after the global health-care company’s third-quarter revenue of $11.37 billion fell short of the $11.40 billion expected from analysts polled by LSEG. PNC Financial Services — The Pittsburgh-based regional bank fell 2% despite reporting better-than-expected third-quarter earnings and revenue. Earnings were $4.35 per share versus the $4.05 FactSet consensus estimate, while revenue came in at $5.92 billion, higher than the $4.583 billion expected from analysts. ASML — U.S.-listed shares popped 4.6% after the semiconductor equipment maker said it expects 2026 total net sales to top those from 2025 . AMSL reported mixed results for its third quarter. Papa John’s International — The pizza chain jumped nearly 11% on the back of a Reuters report that Apollo Global Management has offered a new bid to take Papa John’s private at $64 a share. Citizens Financial — Earnings and revenue at the Providence, Rhode Island-based regional bank beat analyst estimates in its third quarter, sending Citizens 3% higher. Earnings of $1.05 per share on revenue of $2.12 billion topped the $1.03 and $2.10 billion analysts polled by LSEG had expected. 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 of $15 billion to $15.1 billion versus prior guidance of $15 billion to $15.3 billion. Third-quarter earnings topped expectations. Dollar Tree — The discount retailer jumped 8% saying earnings per share will increase by a “high-teens percentage” in fiscal 2026. Analysts currently are expecting about 15% EPS growth for next year, according to FactSet. Dollar Tree hosts an investor day Wednesday. Sable Offshore — Shares plunged 24% after a California judge sided with the state against the oil and gas company in a dispute involving the Santa Ynez project. On Wednesday, Sable Offshore disagreed with the tentative ruling. First Horizon — The Memphis-based regional bank rallied 3.4% following its latest earnings beat. First Horizon reported adjusted earnings of 51 cents versus the 45 cents estimated by analysts polled by FactSet. Net interest income also topped expectations. Sunrun — The rooftop solar panel maker surged nearly 4% after BMO Capital Markets upgraded Sunrun to market perform from underperform and hiked its price target to $19 from $10, according to FactSet. The new price target nevertheless represents 8% downside from Tuesday’s closing price of $20.68. Grindr — Shares of the dating app jumped 4.3%. Grindr, which went public in early 2021, said it received a letter from large shareholders who are also board members that proposes taking the company private. Grindr’s Board of Directors will create 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 .)
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