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Charles Schwab falls; Match Group, UnitedHealth rise, Tuesday, 7/16/2024
Stocks that traded heavily or had substantial price changes on Tuesday:
Charles Schwab Corp. (SCHW), down $7.64 to $67.43.
The financial services firm met earnings forecasts but came up short in other metrics closely watched by Wall Street.
Bank of America Corp. (BAC), up $2.24 to $44.13.
The Charlotte, North Carolina bank beat analysts' profit and revenue targets on the strength of its investment banking division.
Match Group (MTCH), up $2.39 to $34.41.
Activist investor Starboard Value announced a 6.6% stake in the dating app company behind Match, Tinder and OkCupid.
UnitedHealth Group Inc. (UNH), up $33.50 to $548.87.
The health care giant beat Wall Street’s second-quarter forecasts and reaffirmed its full-year profit guidance.
Morgan Stanley (MS), up 96 cents to $106.22.
The New York investment bank easily beat Wall Street profit expectations on strong revenue.
PNC Financial Services Group Inc. (PNC), up $7.96 to 176.98.
The Pittsburgh bank beat Wall Street revenue and profit forecasts as its net interest income and net interest margin grew.
Newmont Corp. (NEM), up 97 cents to $48.32.
The gold miner got a boost as prices for the precious metal hit a new record high.
State Street Corp. (STT), up $5.88 to $84.82.
The financial services company beat Wall Street’s second-quarter earnings and revenue forecasts.
