Movers: BofA, Continental Resources, Credit Suisse, Dish Network, Fox Corp, Roblox, Splunk
- Scott Peters
- U.S.A. New York City
-
Bank of America third quarter income and revenues were ahead of expectations. Roblox surged after the release of September metrics. Splunk jumped on an activist investor stake. Credit Suisse settles a lawsuit with New Jersey State.
Bank of America Corp jumped 6.5% to $33.76 after the bank reported better-than-expected third quarter sales and earnings.
Revenue, net of interest income, in the third quarter increased 8% to $24.5 billion from $22.8 billion a year ago.
Net income soared to $7.1 billion or 81 cents from $6.2 billion or 73 cents a share.
"Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts," said chief executive officer Brian Moynihan.
Continental Resources, Inc gained 8.6% to $74.08 after founder and chairman Harold Hamm and his family agreed to acquire the remaining shares in the oil producer for $74.28 a share.
Credit Suisse increased4.5% to $4.57 after the company settled a lawsuit for $475 million stemming from the sale of mortgage backed securities dating as back as 2008 with New Jersey State.
The company is also looking to sell a stake to a group of investors according to reports on the weekend.
Dish Network Corp jumped 7.7% to $13.95 and rebounded from a loss of more than 7% last week after Conx Corp was in talks to acquire Boost Mobile from the company.
Fox Corp declined 9.4% to $28.58 and News Corp gained 3.8% to $16.20 after founder Rupert Murdoch formed a special committee to merge the two companies together.
Roblox Corp soared 20.7% to $42.88 after the online gaming company said average daily active users in September jumped 23% to 57.8 million
Estimated booking increased between 11% and 15% to between $212 million and $219 million from a year ago and estimated revenues increased between -2% and +3% to between $171 million and $180 million.
Splunk Inc increased 5.8% to $74.25 after the activist investor Starboard Value is said to hold approximately 5% stake in the company with a plan to boost shareholder value.
Annual Returns
Company | Ticker | 2025 | 2024 | 2023 |
---|---|---|---|---|
Bank of America Corporation | BAC | 1% | 30% | 3% |
Credit Suisse AG | DGLD | 0% | 0% | 0% |
News Corporation | NWS | -2% | 21% | 40% |
Roblox Corporation | RBLX | -1% | 30% | 37% |
Continental Resources Inc | CLR | 0% | 0% | 0% |
DISH Network Corporation | DISH | 0% | 0% | -63% |
Twenty First Century Fox Inc | FOX | -1% | 68% | -7% |
Splunk Inc | SPLK | 0% | 3% | 65% |