Market Updates
U.S. Movers: AMD, Bank of America, Johnson & Johnson, Morgan Stanley, UnitedHealth Group
Scott Peters
16 Apr, 2024
New York City
UnitedHealth Group rose 6.6% to $475.39 after the health insurance company reported first quarter revenue that surpassed market expectations.
Revenue in the first quarter increased to $99.8 billion, and diluted earnings per share rose to $6.91.
Johnson & Johnson declined 2.4% to $144.05 after the company reported better-than-expected first quarter earnings of $.271 per share on revenues of $21.38 billion.
Bank of America declined 3.3% to $34.74 after the company reported better-than-expected quarterly results driven by an increase in net interest income and investment banking activities.
Revenue increased to $25.46 billion, driven by net interest income of $14.19 billion.
Morgan Stanley increased 3.3% to $89.86 after the financial services company reported first quarter revenue of $15.1 billion and diluted earnings per share of $2.02; both measures were ahead of market expectations.
AMD increased 1.8% to $163.26 after the advanced microprocessor maker announced its latest chip to power personal computers to process artificial intelligence applications.
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