Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Matt Miller, Katie Greifeld, David Gura and Carol Massar.
On this episode of Stock Movers:
- United Airlines (UAL) is rising in the afterhours after after reporting better-than-expected earnings for the third quarter. The company expects brand-loyal flyers and demand for its premium seats to drive profit through the end of the year, maintaining momentum.
- Bank of America (BAC) closed higher after reporting earnings. It reported trading revenue excluding DVA for the third quarter that beat the average analyst estimate. Net interest income also came in $15.23 billion compared to the estimate of $15.03 billion.
- Northrop Grumman (NOC) and Lockheed Martin (LMT) were two of the defense stocks that fell Wednesday after Treasury Secretary Scott Bessent said the US might ask defense companies to do less buybacks. Northrop Grumman is the most in four months on the news.
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