{"id":37271,"date":"2023-07-18T10:34:25","date_gmt":"2023-07-18T14:34:25","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/schwab-morgan-stanley-bank-of-america-masimo-att-and-more-market-movers\/"},"modified":"2023-07-18T10:34:27","modified_gmt":"2023-07-18T14:34:27","slug":"schwab-morgan-stanley-bank-of-america-masimo-att-and-more-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=37271","title":{"rendered":"Schwab, Morgan Stanley, Bank of America, Masimo, AT&T, and More Market Movers"},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

Stocks were mixed Tuesday following bank earnings and after U.S. retail sales rose less than expected.<\/p>\n

These stocks were making moves Tuesday:<\/p>\n

\n Charles Schwab
\n (ticker: SCHW) reported second-quarter adjusted earnings of 75 cents a share on revenue of $4.66 billion, higher than profit of 71 cents and revenue of $4.61 billion that analysts had estimated. The stock was rising 12%. <\/p>\n

\n

\n Morgan Stanley
\n (MS) was up 5.8% after the investment bank posted profit that slid 12% year over year to $2.2 billion, or $1.24 a share, on $13.5 billion in revenue. Analysts surveyed by FactSet projected earnings of $1.20 a share on $13 billion in revenue. <\/p>\n

\n Bank of America
\n \u2018s (BAC) second-quarter profit increased by 19% year over year to $7.4 billion, or 88 cents a share, share topping expectations of analysts surveyed by FactSet who forecast profit of $6.9 billion, or 84 cents. Revenue climbed 11% to $25.2 billion, slightly higher than forecasts of $25 billion. An increase in net interest income was one main driver of profit gains. The stock rose 4.1%. <\/p>\n

\n AT&T
\n (T) was rising 2.9% to $13.92 after the telecom company dropped nearly 7% to $13.53 on Monday, its lowest close since February 1993.<\/p>\n

\n Bank of New York Mellon
\n (BK) rose 2.6% after the bank posted better-than-expected second-quarter earnings as net interest revenue soared 33%. <\/p>\n

\n PNC Financial
\n (PNC)was up 1.3% after the regional bank posted second-quarter revenue of $5.29 billion, missing Wall Street\u2019s forecast of $5.45 billion. <\/p>\n

\n Masimo
\n (MASI), the hospital-equipment maker, tumbled 22% after saying it expects second-quarter sales of $453 million to $457 million, well below analysts\u2019 forecasts of $553 million. Among other factors,
\n Masimo
\n pointed to large orders that were pushed back to the second half of the year. The company said it was \u201ctaking actions to reduce costs in the second half\u201d of 2023.<\/p>\n

\n Teladoc Health
\n (TDOC) gained 4.1% after the virtual care company said it was furthering its collaboration with
\n Microsoft
\n (MSFT) to use more artificial-intelligence tools.<\/p>\n

\n FB Financial
\n (FBK) rose 5% after the parent company of FirstBank posted second-quarter earnings late Monday of 77 cents a share, topping estimates of 65 cents. <\/p>\n

\n Pinterest
\n (PINS) was rising 3.8% to $30.27 after analysts at Evercore ISI upgraded the stock to Outperform from In Line with a price target of $41.<\/p>\n

American depositary receipts of
\n Novartis
\n (NVS) rose 4.3% after the Swiss pharmaceutical company raised its full-year outlook and announced a buyback of $15 billion.<\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks were mixed Tuesday following bank earnings and after U.S. retail sales rose less than expected. These stocks were making moves Tuesday: Charles Schwab (ticker: SCHW) reported second-quarter adjusted earnings of 75 cents a share on revenue of $4.66 billion, higher than profit of 71 cents and revenue of $4.61 billion that analysts had estimated. 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