Stock Movers Big Bank Earnings Wrap; Papa John's & Grindr Private Bids
Oct 15, 2025
Bank of America impresses with better-than-expected earnings, showcasing robust trading revenue and net interest income. Morgan Stanley thrives on a trading surge, outperforming competitors amid market volatility. Exciting buyout news surfaces as Apollo Global Management bids $64 per share for Papa John's, aiming to take the chain private. Meanwhile, Grindr's shareholders are eyeing a potential acquisition, with plans to go private at $15 or more per share. The episode ties these market movements to broader economic trends and Fed rate expectations.
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Bank Of America Shows Deal Momentum
- Bank of America beat estimates driven by a rebound in investment banking and solid net interest income.
- Investment banking fees rose sharply with M&A advisory fees jumping, signaling renewed deal activity.
Hosts Share Wall Street Internship Story
- Paul Sweeney jokingly claimed a summer internship at Merrill Lynch in 1990 while discussing Bank of America.
- The hosts used personal hiring anecdotes to lighten the earnings rundown.
Trading Surge Lifts Morgan Stanley
- Morgan Stanley outperformed peers as trading revenue surged on elevated market volatility.
- Wealth management and higher-than-expected total revenue reinforced a broad-based beat.