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Bank Profits Face New Challenges

KBW Head of US Bank Research Chris McGratty joined Bloomberg Open Interest to break down what’s driving bank earnings. He explains why large banks may still appeal to investors  and how consumer health, interest rates and consolidation could shape what’s ahead. (Source: Bloomberg)

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Domino’s Drops on Sales Growth Miss; Bumble Goes Private | Stock Movers

On this episode of Stock Movers:

– Domino’s Pizza (DPZ) shares are lower after the restaurant chain reported total domestic stores comp sales growth for the third quarter that missed the average analyst estimate.
– Johnson & Johnson (JNJ) shares are moving as the company reports earnings. J&J raised its profit guidance as demand for newer drugs in cancer and autoimmune diseases overshadowed more anemic growth in the company’s medical device business.
– Bumble (BMBL) shares are halted on news Ithaca is taking Bumble private for $1.3 billion, with a deal price of $6.05 per share. Bumble founder Whitney Wolfe Herd said she would “remain actively involved with Bumble” after the deal, which marks a significant change for the company that was valued at $14 billion when it went public. (Source: Bloomberg)

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