Ameriprise Financial, Inc declined 5.6% to $295.27 after the company released its latest quarterly results. 

Revenue in the first quarter increased 3% to $3.7 billion from $3.6 billion and net income dropped 49% to $417 million from $825 million and diluted earnings per share to $3.79 from $7.10 a year ago. 

Total assets under management declined 9% to $1.0 trillion from $1.1 trillion a year ago. 

Cadence Design Systems Inc declined 5.1% to $202.09 after the semiconductor design software developer reported its quarterly results. 

Revenue in the first quarter increased to $1.02 billion from $901 million and net income rose to $241.8 million from $235.3 million and diluted earnings per share increased to 89 cents from 85 cents a year ago. 

For the second quarter, the company estimated total revenue in the range of $960 million to $980 million and operating margin in the range of 29% to 30% and diluted earnings per share in the range of $0.73 to $0.77.

First Republic Bank plunged 27.4% to $11.62 after the regional bank reported elevated deposit outflows.  

said revenue in the first quarter declined 13.4% from a year ago to $1.2 billion and net interest margin fell 19.4% to $923 million. 

Net income in the quarter declined 32.9% to $269 million from $401 million and diluted earnings per share fell to $1.23 from $2.0 a year ago. 

On the balance sheet front, loans increased 22.6% from a year ago to $173.3 million, total deposits 35.5% to $104.5 billion and borrowings soared by $101.2 billion to $106.7 billion. 

At the end of March, excluding the $30 billion of deposits made by the large U.S. banks, the bank's estimated uninsured deposits totaled $19.8 billion, or 27% of total deposits. 

Insured deposits fell moderately during the quarter and have "remained stable" from March 31 through April 21. 

PepsiCo Inc rose 2.4% to $189.99 after the food and beverage maker reported better-than-expected quarterly results. 

The company said first quarter revenue increased 10.2% to $17.8 billion and net income of $1.3 billion. 

The company lifted its full-year 2023 growth estimate of organic revenue to 8% from the previous estimate of 6% and  core constant currency earnings per share to 9% from 8%. 

UBS Group AG declined 3.4% to $19.84 after the Swiss bank reported a decline in earnings on higher provisions for litigation expenses. 

Total revenue in the first quarter declined to $8.7 billion from $9.3 billion and net income dropped to $1.0 billion from $2.2 billion and diluted earnings per share fell to 32 cents from 61 cents a year ago. 

The Swiss bank set aside $857 million for litigation related to legacy U.S. residential mortgage-backed securities. 

United Parcel Service, Inc dropped 8.9% to $178.40 after the company reported weaker-than-expected quarterly results. 

Ameriprise Financial, Inc decreased 5.8% to $294.47 despite the financial services provider reported better-than-expected earnings. 

Consolidated revenue in the first quarter declined 6% to $22.9 billion and net income declined 28.8% of $1.9 billion from $2.6 billion and diluted earnings per share fell to $2.19 from $3.03 a year ago. 

The parcel delivery company said the full-year 2023 revenue is likely to be near the low end of its previously released revenue and earnings range. 

The company estimated full-year consolidated revenue of $97 billion and adjusted operating margin of 12.8% and capital expenditure of $5.3 billion. 

The company estimated a dividend of $5.4 billion and set the share repurchase target of $3.0 billion.