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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Let's take a look at some stocks on the move today.

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Speaker 1: I'm Tom Keen with Paul Sweeny and Bloomberg's Lisa Matteo. Lisa,

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Speaker 1: what do you all right?

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Speaker 3: We have to start with the last the big US

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Speaker 3: banks right reporting earnings for the quarter. We'll start with

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Speaker 3: Bank of America. I Am not going to do Alison

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Speaker 3: Williams Justice, but taker BAC. Their shares of it up

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Speaker 3: as much as five percent, so they had that beat

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Speaker 3: on third quarter earnings. Investment banking activity increase long away

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Speaker 3: to come back and m and A. We always hear

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Speaker 3: the woohoo from Paul. I like that the number. So

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Speaker 3: we get investment banking revenue rose forty three percent to

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Speaker 3: two point zero five billion, fees for advising on managers

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Speaker 3: acquisitions stored fifty one percent to five hundred and eighty

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Speaker 3: three million, and then you had revenue from equity and

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Speaker 3: debt issuance that also increased interest income also solid. Yeah,

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Speaker 3: he sourced a revenue for the company and that was

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Speaker 3: thanks to the CEO said it was strong loan deposit

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Speaker 3: growth for what it said, was it their effective balance

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Speaker 3: sheet positioning. And from Bank of America we go to Morgan.

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Speaker 4: Guess Bank America.

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Speaker 3: Is that a yes or no?

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Speaker 4: That's a yes, that's a yes. You do Summer Internship

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Speaker 4: Merrill Lynch Investment Banking nineteen ninety. Okay, well so I

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Speaker 4: get the claim it.

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Speaker 3: No do you claim Morgan Stanley?

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Speaker 4: I do not. Yeah, they were smart. They never hired an.

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Speaker 1: Jonathan Miller. Yes, Element report like he does a report

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Speaker 1: in the Hamptons. He spends hours out there. Hampton's condos.

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Speaker 1: Single family up thirteen point three percent Shore Wall Street.

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Speaker 1: I mean, it's got to be like a megaboom out there.

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Speaker 4: It always is. I mean it swings down every once

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Speaker 4: in a while. But let's let's be honest. And that's

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Speaker 4: because of Bank of American and the next one, Morgan Stanley.

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Speaker 3: Yeah, exactly, and they're up more than four percent. They

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Speaker 3: pointed to that surge and trading activity revenue from Sacks

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Speaker 3: trating it searched thirty five percent four point one to

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Speaker 3: two billion in the third quarter, and that actually beat

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Speaker 3: Goldman Sacks on that part of the business. They got

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Speaker 3: a boost from better than expected investment banking fees. Wealth

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Speaker 3: management business also did well eight point two billion in revenue,

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Speaker 3: more than expected. In total revenue that came in at

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Speaker 3: eighteen point two billion, that was also above those estimates.

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Speaker 3: We have a few stock movers because of a few

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Speaker 3: companies possibly be taken private like Papa John's. Yes, Pizza

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Speaker 3: shared it shares of just as much as fourteen percent.

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Speaker 3: Yeah percent, p Zza. I do love that ticker.

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Speaker 4: Cute it is?

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Speaker 3: It is so Reuter's reporting Apollo Global Management submitted a

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Speaker 3: bid to take it private sixty four dollars a share.

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Speaker 3: That's actually the second offer from Apollo in June, it

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Speaker 3: was Apollo on Earth Capital Management they submitted at his

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Speaker 3: joint offer for the company had sixty dollars a share,

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Speaker 3: so you see they kind of increase their offer. It's

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Speaker 3: not just Apollo though. Routers is saying a lot of

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Speaker 3: the multiple activists have expressed their interests in Papa john

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Speaker 3: So we'll see where it goes. And then the last

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Speaker 3: one is Grinder Tacker g r n D. It's at

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Speaker 3: LGBT focused dating app, eating as much as eight percent

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Speaker 3: and the company said it's largest shareholders. They're looking into

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Speaker 3: an acquisition, could take the punk company private no less

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Speaker 3: than fifteen dollars a share shows primarily through some dead fuddy.

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Speaker 1: The activism is to click in.

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Speaker 2: Paul.

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Speaker 1: You look at Pepsi and Elliott. Yeah, and I mean,

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Speaker 1: I mean the banker ands clearly say now there's a

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Speaker 1: finance frenzy. Why do we think it's going to end

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Speaker 1: before February March next year.

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Speaker 4: Yeah. And if the Fed's can continue to cut rate

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Speaker 4: TOM rates at TOM, that's a good time to get

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Speaker 4: deals done.

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Speaker 2: This stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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