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{"id":41320,"date":"2023-07-18T11:47:00","date_gmt":"2023-07-18T11:47:00","guid":{"rendered":"https:\/\/financeworld24.com\/stocks-making-the-biggest-moves-premarket-bank-of-america-pinterest-masimo-more\/"},"modified":"2023-07-18T11:47:00","modified_gmt":"2023-07-18T11:47:00","slug":"stocks-making-the-biggest-moves-premarket-bank-of-america-pinterest-masimo-more","status":"publish","type":"post","link":"https:\/\/financeworld24.com\/stocks-making-the-biggest-moves-premarket-bank-of-america-pinterest-masimo-more\/","title":{"rendered":"Stocks making the biggest moves premarket: Bank of America, Pinterest, Masimo & more"},"content":{"rendered":"
\n
\n
\n
\n
\n

A pedestrian walks by the Pinterest headquarters on April 09, 2019 in San Francisco.<\/p>\n

Justin Sullivan | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n

Check out the companies making the biggest moves before the bell:<\/em><\/p>\n

Bank of America<\/a><\/span><\/span><\/span> \u2014 Bank of America added 0.4% in the premarket after beating top and bottom line estimates for the second quarter.\u00a0BofA’s results were helped by more profitable lending, boosted by higher interest rates.<\/p>\n

Bank of N.Y. Mellon<\/a><\/span><\/span><\/span> \u2014 The bank reported better-than-expected profit and revenue for the second quarter. Like BofA, Bank of N.Y. Mellon benefited from the impact of higher interest rates. However, the stock fell more than 1%<\/p>\n

PNC Financial<\/a><\/span><\/span><\/span> \u2014 PNC shares fell 2.7% in the premarket after posting lower-than-expected quarterly revenue, even as earnings beat forecasts.\u00a0Deposits and net interest income both fell at PNC.<\/p>\n

Verizon<\/a><\/span><\/span><\/span>, AT&T<\/a><\/span><\/span><\/span> \u2014 Verizon gained 1% in premarket trading, while AT&T rose 0.7%. Both have been tumbling in recent days, with AT&T hitting its lowest level since 1993 Monday and Verizon dipping to its lowest since 2010.\u00a0Analysts have been concerned about potential liability from miles of lead-encased cables across the U.S. \u00a0<\/p>\n

Masimo<\/a><\/span><\/span><\/span> \u2014 Masimo plummeted 28% in the premarket after the medical device maker forecast lower than expected sales for its second quarter, as hospitals cut back on equipment spending amid increased personnel costs.<\/p>\n

Novartis<\/a><\/span><\/span><\/span> \u2014 Novartis jumped 2.9% in premarket action after the drug maker raised its full-year outlook on strong pharmaceutical sales.\u00a0Novartis also said its planned spin-off of generic drug division Sandoz would take place early in the fourth quarter.<\/p>\n

Pinterest<\/a><\/span><\/span><\/span> \u2014 Pinterest rallied 3.3% in off-hours trading following an upgrade to “outperform” from “in-line” at Evercore ISI.\u00a0Evercore said it sees digital ad spending stabilizing, with indications of a recovery in the second half of the year.<\/p>\n

Norwegian Cruise Line<\/a><\/span><\/span><\/span> \u2014 The cruise line operator’s stock slid 1.8% in premarket action after Truist downgraded the stock to a hold from a buy. The firm is bullish on cruise industry trends but notes the stock’s recent outperformance.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":"

A pedestrian walks by the Pinterest headquarters on April 09, 2019 in San Francisco. Justin Sullivan | Getty Images Check out the companies making the biggest moves before the bell: Bank of America \u2014 Bank of America added 0.4% in the premarket after beating top and bottom line estimates for the second quarter.\u00a0BofA’s results were…<\/p>\n","protected":false},"author":1,"featured_media":41321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-41320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nStocks making the biggest moves premarket: Bank of America, Pinterest, Masimo & more -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeworld24.com\/stocks-making-the-biggest-moves-premarket-bank-of-america-pinterest-masimo-more\/\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks making the biggest moves premarket: Bank of America, Pinterest, Masimo & more -\" \/>\n<meta property=\"og:description\" content=\"A pedestrian walks by the Pinterest headquarters on April 09, 2019 in San Francisco. 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