1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,480 --> 00:00:18,279 Speaker 1: Take a look at some of the stocks on the 5 00:00:18,320 --> 00:00:20,920 Speaker 1: move today. I'm Paul Sweeney alongside David Gerr and we're 6 00:00:20,960 --> 00:00:23,560 Speaker 1: joined by Bloomberg's Lisa Matteo. Stocks on the Move? What 7 00:00:23,640 --> 00:00:25,599 Speaker 1: you got for us? All right, we gotta go bank earnings, right, 8 00:00:25,680 --> 00:00:27,159 Speaker 1: so I'm going to touch upon each of these. We 9 00:00:27,200 --> 00:00:29,800 Speaker 1: only have a certain amount of time for this, Okay, JP, 10 00:00:29,920 --> 00:00:32,360 Speaker 1: Morgan Chase or Tiger JPM, so they had to pick 11 00:00:32,400 --> 00:00:35,760 Speaker 1: up right. Deal making underwriting crushed estimates for the third 12 00:00:35,840 --> 00:00:38,440 Speaker 1: quarter trading investment banking fees. The firm says it was 13 00:00:38,440 --> 00:00:42,320 Speaker 1: the busiest quarter for IPOs since twenty twenty one, which 14 00:00:42,400 --> 00:00:45,920 Speaker 1: was really interesting. But here's the thing. The shares are lower. 15 00:00:46,040 --> 00:00:49,120 Speaker 1: Jamie Diamond had this cautious tony when he's talking about 16 00:00:49,120 --> 00:00:51,400 Speaker 1: the economy. He's saying, there continues to be this heightened 17 00:00:51,400 --> 00:00:54,400 Speaker 1: degree of uncertainty coming from a few things, right, like 18 00:00:54,480 --> 00:00:59,800 Speaker 1: complex geopolitical conditions, tariffs, trade uncertainty, the risk of sticky inflation. 19 00:01:00,240 --> 00:01:02,640 Speaker 1: Now because of that the bank set aside eight hundred 20 00:01:02,680 --> 00:01:06,240 Speaker 1: and ten million dollars for potentially soured loans, and that 21 00:01:06,440 --> 00:01:09,240 Speaker 1: was more than analysts expected. So that's a big part 22 00:01:09,480 --> 00:01:13,240 Speaker 1: of why those shares are lower this morning. Well, also 23 00:01:13,280 --> 00:01:15,560 Speaker 1: here I'm just letting pointing out, nobody cares. That's it. 24 00:01:15,560 --> 00:01:17,320 Speaker 2: I worked at JP's back in the day. 25 00:01:17,480 --> 00:01:23,280 Speaker 1: Go ahead, there you go among among mental he's way 26 00:01:23,280 --> 00:01:28,200 Speaker 1: to chime in. Okay, good good. Goldman Sachs ticker GS 27 00:01:28,240 --> 00:01:31,319 Speaker 1: record third quarter revenue resurgence and dealmaking. 28 00:01:31,400 --> 00:01:31,520 Speaker 2: Right. 29 00:01:31,520 --> 00:01:35,199 Speaker 1: It pushed its investment banking hall past expectations. Here's the number. 30 00:01:35,240 --> 00:01:37,959 Speaker 1: So they posted two point sixty six billion investment banking 31 00:01:37,959 --> 00:01:41,720 Speaker 1: fees that top testimates. As a whole, it reported revenue 32 00:01:41,720 --> 00:01:44,840 Speaker 1: of fifteen point eight one eight billion. That was the 33 00:01:44,920 --> 00:01:47,840 Speaker 1: largest haul for that quarter in its history, its third 34 00:01:47,960 --> 00:01:51,760 Speaker 1: highest overall for all quarters. In other news, and you 35 00:01:51,800 --> 00:01:54,080 Speaker 1: had mentioned this, Paul David Solomon saying that role of 36 00:01:54,160 --> 00:01:57,800 Speaker 1: AI driving down costs. So yeah, Goldman reported fourteen percent 37 00:01:57,880 --> 00:02:02,400 Speaker 1: jumping employee compensation. City Group. Yes, yes, there you go, 38 00:02:02,600 --> 00:02:05,840 Speaker 1: tick or C beat Wall Street revenue estimates. This was 39 00:02:05,880 --> 00:02:09,280 Speaker 1: across all five of its major business lines. You had 40 00:02:09,360 --> 00:02:13,480 Speaker 1: total revenue jump nine percent its markets, banking services, Wealth, 41 00:02:13,520 --> 00:02:16,120 Speaker 1: the US retail divisions. They all set records for the 42 00:02:16,160 --> 00:02:20,079 Speaker 1: third quarter. Traders and equities, fixed income products. They pushed 43 00:02:20,120 --> 00:02:22,640 Speaker 1: pass forecasts. They pulled in a total of five point 44 00:02:22,680 --> 00:02:27,320 Speaker 1: six billion dollars, or fifteen percent more than the year earlier. 45 00:02:27,960 --> 00:02:30,520 Speaker 1: Expenses climbed about nine percent, and then the firm also 46 00:02:30,600 --> 00:02:34,040 Speaker 1: pointed to higher spending on conversation and also on benefits too. 47 00:02:34,919 --> 00:02:38,880 Speaker 1: Wells Fargo, Yes, Wells Bargo got its original broker dealer 48 00:02:39,040 --> 00:02:43,840 Speaker 1: license in the nineties from my firm week first securities 49 00:02:43,840 --> 00:02:44,800 Speaker 1: in Richmond, Virginia. 50 00:02:45,200 --> 00:02:47,600 Speaker 2: That was original. Wow, that's when they could start trading 51 00:02:47,600 --> 00:02:49,399 Speaker 2: securities way back in the day. 52 00:02:49,760 --> 00:02:53,519 Speaker 1: Oh look at that. Okay, take your WFC. So they 53 00:02:53,639 --> 00:02:56,959 Speaker 1: raise their key profitability metric made the first major update 54 00:02:56,960 --> 00:02:59,679 Speaker 1: about the bank's next growth target, the removal of those 55 00:02:59,680 --> 00:03:01,840 Speaker 1: regular tory restraints. But this is all coming as a 56 00:03:01,840 --> 00:03:07,120 Speaker 1: firm reported net interest income slightly missed analysts estimates. And 57 00:03:07,280 --> 00:03:10,000 Speaker 1: why not end after all that banking stuff? Okay, well, 58 00:03:10,040 --> 00:03:15,720 Speaker 1: end with Domino's pizza a little reward reward, Yes, yes, 59 00:03:16,320 --> 00:03:20,880 Speaker 1: reported earnings today. They were amongst them ticker DPZ better 60 00:03:20,880 --> 00:03:23,240 Speaker 1: than expected quarterly results or shares of en up as 61 00:03:23,280 --> 00:03:26,680 Speaker 1: much as seven percent. Two things that they said were 62 00:03:26,800 --> 00:03:29,639 Speaker 1: due to it best deal ever, promotion that was the 63 00:03:29,680 --> 00:03:31,800 Speaker 1: one thing, and their stuff. 64 00:03:31,600 --> 00:03:37,080 Speaker 2: Cruss Pizza, the stock mover's report from Bloomberg Radio. Check 65 00:03:37,120 --> 00:03:39,480 Speaker 2: back with us throughout the day for the latest roundup 66 00:03:39,480 --> 00:03:42,440 Speaker 2: of companies making news on Wall Street and for the 67 00:03:42,520 --> 00:03:46,960 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch 68 00:03:47,040 --> 00:03:50,520 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 69 00:03:50,520 --> 00:03:52,920 Speaker 2: Android Auto with the Bloomberg Business app.