Stocks making the biggest moves midday: UnitedHealth, Bank of America, Caterpillar and more
Here are the stocks making notable moves on Thursday.
UnitedHealth – Shares of the health insurer popped more than 4% following a blowout earnings report. UnitedHealth posted an EPS of $4.52 in the third quarter, 11 cents above analysts' estimate, according to Refinitiv. Its revenue also came in above expectations, while the company raised its full-year earnings forecast.
Bank of America – Shares of the second-biggest U.S. bank by assets jumped nearly 3.3% after its third-quarter earnings and revenue exceeded analysts' expectations. Bank of America benefited from record advisory and asset management fees.
Caterpillar – Shares of the manufacturing giant popped 2.7% in midday trading after Cowen initiated coverage of Caterpillar with an outperform rating. The Wall Street firm said it sees a "megacycle underway" for the equipment-maker.
UPS – …
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