{"id":634,"date":"2023-10-13T14:07:58","date_gmt":"2023-10-13T14:07:58","guid":{"rendered":"https:\/\/connectwithfund.com\/markets\/jpmorgan-wells-fargo-citigroup-unitedhealth-dollar-general-progressive-and-more-movers\/"},"modified":"2023-10-13T14:07:59","modified_gmt":"2023-10-13T14:07:59","slug":"jpmorgan-wells-fargo-citigroup-unitedhealth-dollar-general-progressive-and-more-movers","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=634","title":{"rendered":"JPMorgan, Wells Fargo, Citigroup, UnitedHealth, Dollar General, Progressive, and More Movers"},"content":{"rendered":"
\n
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Stocks rose Friday\u00a0as earnings season kicked into high gear with reports from some of the largest U.S. banks. <\/p>\n

These stocks were making moves Friday:\u00a0<\/p>\n

\n JPMorgan Chase
\n (JPM) posted third-quarter earnings of $4.33 a share, beating analysts\u2019 estimates of $3.95, and rising from year-earlier profit of $3.12 a share. The bank benefited from a continued surge in net interest income and its acquisition of\u00a0First Republic Bank.
\n JPMorgan
\n shares jumped 4.3%.<\/p>\n

\n

\n Wells Fargo
\n (WFC) posted quarterly earnings of $1.48 a share, easily topping estimates of $1.24. Revenue rose to $20.86 billion from $19.6 billion. The stock was up 4%.<\/p>\n

\n Citigroup
\n (C) reported third-quarter earnings on Friday of $1.63 a share, better than analysts\u2019 expectations of $1.23 a share. Shares of the bank were up 3.6%.<\/p>\n

\n BlackRock
\n (BLK) posted quarterly earnings that beat expectations. The world\u2019s largest money manager recorded $3 billion of quarterly net inflows. Net outflows were $49 billion, stemming from lower-fee index equity strategies and $19 billion from a single international client, the company said. Assets under management rose by $1.1 trillion from a year earlier. Shares were down 1.6%.<\/p>\n

\n UnitedHealth
\n (UNH), the managed care company, earned an adjusted $6.56 a share in the third quarter, beating analysts\u2019 estimates of $6.32.
\n UnitedHealth
\n on Friday also raised its full-year outlook. Shares rose 3%.<\/p>\n

\n Dollar General
\n (DG) said its former chief executive, Todd Vasos,\u00a0will be coming out of retirement to lead the discount retailer. He previously led the company from June 2015 through November 2022, when he handed over the reins to Jeff Owen, who has stepped down.
\n Dollar General
\n also narrowed its fiscal-year sales growth forecast to a range of 1.5% to 2.5%, compared with a previous range of 1.3% to 3.3%. The stock was up 7.6%.<\/p>\n

\n Progressive
\n (PGR) jumped 7.4% after the insurance company reported better-than-expected third-quarter earnings and said net premiums written jumped 20% from a year earlier to $15.59 billion. <\/p>\n

\n Microsoft
\n \u2018s (MSFT) $75 billion acquisition of
\n Activision Blizzard
\n (ATVI) has been approved by regulators in the U.K., clearing the closure of the deal. The U.K.\u2019s Competition and Markets Authority said Friday that its concerns over the threat to competition posed by the deal were resolved by
\n Microsoft
\n \u2018s transfer of cloud-streaming rights for Activision\u2019s videogames to France\u2019s
\n Ubisoft.<\/span>
\n Microsoft rose 0.2% and Activision slipped.<\/p>\n

\n Smart Global Holdings
\n (SGH), the computing and memory company, said fiscal fourth-quarter sales declined 12.6% to $316.7 million, missing analysts\u2019 forecast of $375 million. The company said it expects sales from continuing operations in its fiscal first quarter of $275 million plus or minus $25 million. Shares of Smart Global sank 34%.<\/p>\n

\n LendingClub
\n (LC) will be reducing its workforce by around 14%, or 172 employees, taking the measures as the online lending and financial services platform continues to \u201cnavigate the persistent and ongoing macroeconomic headwinds and the resulting pressure in our marketplace, primarily driven by higher interest rates.\u201d Shares rose 6.2%.<\/p>\n

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

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

Stocks rose Friday\u00a0as earnings season kicked into high gear with reports from some of the largest U.S. banks. These stocks were making moves Friday:\u00a0 JPMorgan Chase (JPM) posted third-quarter earnings of $4.33 a share, beating analysts\u2019 estimates of $3.95, and rising from year-earlier profit of $3.12 a share. The bank benefited from a continued surge in net interest income and its acquisition of\u00a0First Republic Bank. JPMorgan shares jumped 4.3%. Wells Fargo (WFC) posted quarterly earnings of $1.48 a share, easily topping estimates of $1.24. Revenue rose to $20.86 billion from $19.6 billion. The stock was up 4%. Citigroup (C) reported<\/p>\n","protected":false},"author":1,"featured_media":635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"yoast_head":"\nJPMorgan, Wells Fargo, Citigroup, UnitedHealth, Dollar General, Progressive, and More Movers | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"Stocks rose Friday\u00a0as earnings season kicked into high gear with reports from some of the largest U.S. banks. 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