GS Goldman Sachs Group Inc

HSBC Holdings (NYSE:HSBC) – In the third quarter, HSBC reported a profit of $8.5 billion, surpassing projections of $7.6 billion. Revenue rose 5% to $17 billion, especially in the FX, global debt, and wealth sectors. The bank also announced an additional $3 billion share buyback, and the interim dividend was set at $0.10 per share. Shares rose 3.9% in pre-market trading.

Boot Barn (NYSE:BOOT), Ross Stores (NASDAQ:ROST) – Boot Barn announced that CEO Jim Conroy will leave his position in November to lead Ross Stores, with John Hazen taking over as interim CEO. Boot Barn reported a 13.7% increase in revenue in the second quarter, reaching $425.8 million, exceeding the estimate of $424 million. Net income was $29.4 million, or $0.95 per share, above the expected $0.94. For fiscal 2025, the company projects revenue between $1.874 and $1.907 billion, and earnings per share of $5.30 to $5.60, both above the previous forecast. Boot Barn’s shares fell 4.2% in pre-market trading.

TransMedics (NASDAQ:TMDX) – The transplant technology company reported revenue of $108.76 million, below estimates of $115 million, and earnings per share of $0.12, compared to the expected $0.30. Total revenue increased 64% year-over-year, driven by expanded use of the Organ Care System and logistics services. Annual revenue guidance remains between $425 million and $445 million, while Wall Street estimates $444.36 million. Shares dropped 23.7% in pre-market trading.

VF Corporation (NYSE:VFC) – The apparel brand posted a profit after two quarters of losses, exceeding sales estimates with revenue of $2.76 billion (above the expected $2.71 billion). Adjusted earnings were $0.60 per share, beating the projected $0.37. Gross margin expanded to 52.2%, benefiting from inventory clearance and growth in China, the Americas, and EMEA. Shares rose 21.9% in pre-market trading.

Santander (NYSE:SAN) – Santander reported net income of $3.5 billion (€3.25 billion) in the third quarter, up 12% annually, exceeding estimates of €3.1 billion, driven by strong retail performance and lower loan-loss provisions. Earnings per share increased to €0.20, an 18% year-over-year rise, while total revenue reached €15.1 billion. The UK unit faced a delay in publishing results due to a court decision, but the bank expects no significant financial impacts from this issue. Shares fell 3.4% in pre-market trading.

Ford Motor (NYSE:F) – Ford Motor exceeded Wall Street expectations, reporting adjusted earnings per share of $0.49 (versus the expected $0.47) and automotive revenue of $43.07 billion, above the $41.88 billion forecast. With adjusted EBIT of $2.55 billion, the company adjusted its profit forecast to the lower end of $10 billion for 2024, maintaining free cash flow between $7.5 billion and $8.5 billion. Shares fell 6.1% in pre-market trading.

BP Plc (NYSE:BP) – BP reported adjusted net income of $2.27 billion in the third quarter, exceeding analyst estimates, and maintained share buybacks at $1.75 billion. However, with the impact of lower oil prices, net debt increased to $24.27 billion. The company plans to maintain buybacks until 2025 but will review its strategy in February. Shares fell 1.0% in pre-market trading.

Cadence Design Systems (NASDAQ:CDNS) – The electronic design software company reported adjusted earnings of $1.64 per share, above the forecast of $1.44, and revenue of $1.22 billion, exceeding the estimate of $1.18 billion. Revenue grew 19%, and earnings rose 30% year-over-year, driven by strong results in the IP, SD&A, and AI portfolios. For the fourth quarter, Cadence projected adjusted earnings of $1.81 per share and revenue of $1.35 billion, below analyst estimates of $1.98 per share and $1.38 billion. Shares rose 5.9% in pre-market trading.

Waste Management (NYSE:WM) – The sustainable waste solutions company exceeded expectations with revenue of $5.6 billion, above the projected $5.5 billion. Net income reached $760 million, reflecting gains in efficiency and cost control. Earnings per share (EPS) were $1.88, while operational EBITDA reached $1.7 billion, with a margin of 29.9%, demonstrating strong cash generation capacity to sustain new investments and shareholder returns.

Rambus (NASDAQ:RMBS) – The semiconductor innovation company reported net income of $48.7 million, equivalent to $0.45 per share. Revenue reached $145.5 million. Excluding one-time items, adjusted earnings were $0.50 per share.

F5 Networks (NASDAQ:FFIV) – The digital security and applications company exceeded expectations with adjusted earnings of $3.67 per share (estimate of $3.45) and revenue of $746.67 million (above the projected $730.39 million), an annual increase of 5.6%. Software revenue grew 19%. The company projects revenue growth of 4% to 5% for 2025 and launched a new $1 billion share buyback program.

Brown & Brown (NYSE:BRO) – The insurance and consulting company reported revenue of $1.2 billion, an 11% year-over-year increase, exceeding the estimate of $1.165 billion. Net income rose 33% year-over-year to $234 million, with GAAP EPS of $0.81, 30.6% higher than the previous year, and above analysts’ expected $0.77.

Amkor Technology (NASDAQ:AMKR) – The semiconductor packaging company reported EPS of $0.49, slightly below the expectation of $0.50, and revenue of $1.86 billion, surpassing the estimate of $1.84 billion. For the fourth quarter, it projects EPS between $0.28 and $0.44, below the consensus of $0.57, and revenue between $1.6 billion and $1.7 billion, also below estimates. Shares fell 12.2% in pre-market trading.

Ultra Clean Holdings (NASDAQ:UCTT) – The electronic manufacturing solutions company reported a loss of $2.3 million, equivalent to $0.05 per share, while adjusted earnings were $0.35 per share. Revenue was $540.4 million. For the fourth quarter, the company projects earnings per share between $0.06 and $0.26 and revenue between $535 million and $585 million.

Novartis (NYSE:NVS) – Novartis will pay $150 million to Monte Rosa Therapeutics for a global license to develop and commercialize “molecular glue degraders” — drugs that treat challenging diseases by degrading problematic proteins. Monte Rosa may receive up to $2.1 billion in future payments and royalties. Novartis thus strengthens its portfolio to offset patent losses. Additionally, the company raised its outlook. In the third quarter, Novartis reported earnings per share up 18%, reaching $2.06, with sales growth of 9% to $12.82 billion. Shares fell 3.9% in pre-market trading.

Apple (NASDAQ:AAPL) – Apple launched the 24-inch iMac with the M4 chip, designed to improve the AI experience, priced at $1,299. The iMac offers faster speeds and an enhanced Neural Engine for AI tasks, available in new colors. The company also introduced Apple Intelligence for iPhones, iPads, and Macs, integrating advanced AI functions, with a full release scheduled for December. In India, iPhone exports increased 33% by September, reflecting its strategy to reduce reliance on China. The company produced $14 billion worth of iPhones last fiscal year and exported about $10 billion. Local subsidies and middle-class growth have driven expansion, with annual sales in India potentially reaching $33 billion by 2030, according to Bloomberg. Shares fell 0.3% in pre-market trading.

Microsoft (NASDAQ:MSFT) – Microsoft is expected to announce this week its slowest quarterly growth in a year, as investors question the return on its large AI investments. While the company leads sector innovation, adoption of Copilot and other tools has been slower than anticipated. According to LSEG, Microsoft’s revenue is expected to grow 14.1%, while capital spending for the quarter is projected to increase 71.7%, reflecting costs with AI and cloud. Shares rose 0.1% in pre-market trading.

Meta Platforms (NASDAQ:META) – Meta is developing its own search engine to support its AI chatbot, reducing dependence on Google and Bing, according to The Information. This engine will retrieve information directly from the web to provide data on news, sports, and stocks. Additionally, the Brazilian Institute of Collective Defense has filed a lawsuit against TikTok, Kwai, and Meta, seeking $525 million for alleged lack of protection for minors on their platforms. In response, Meta highlighted the upcoming launch of the “Teen Account” on Instagram, to restrict content and interactions visible to teens, offering more safety. Shares rose 0.3% in pre-market trading.

AT&T (NYSE:T), Corning (NYSE:GLW) – AT&T signed a $1 billion contract with Corning to acquire fiber solutions and expand its high-speed internet. With the wireless market slowing down, AT&T is ramping up fiber investments, aiming to reach over 30 million fiber points by 2025. AT&T’s shares fell 0.3% in pre-market trading, while Corning’s shares rose 0.9%.

Amphenol (NYSE:APH), CommScope Holding Co. (NASDAQ:COMM) – Amphenol issued $1.5 billion in investment-grade bonds to fund the acquisition of CommScope’s antenna systems. Most bonds, with a 30-year maturity, will yield 0.95% above Treasuries. The acquisition, valued at $2.1 billion, strengthens Amphenol’s presence in mobile networks and advanced technology infrastructure, such as 6G. Shares of Amphenol fell 0.2% in pre-market trading.

Boeing (NYSE:BA) – Boeing raised $21 billion in an expanded share sale, helping to bolster its finances and avoid a potential credit downgrade. The sale included 112.5 million shares at $143 each and $5 billion in depositary shares. Boeing will use these funds to maintain its investment-grade status and resume jet production after stoppages. Shares fell 0.7% in pre-market trading.

Southwest Airlines (NYSE:LUV) – Southwest Airlines will face a lawsuit for allegedly intimidating and illegally disciplining pilots associated with the union. The U.S. Court of Appeals ruled that the Dallas-based airline showed sufficient “anti-union sentiment” for the case to proceed. Southwest disputes the decision and is considering its legal options.

Polestar (NASDAQ:PSNY) – Polestar stated that a proposed Biden administration rule to ban Chinese vehicle software and hardware in the U.S. would halt its sales in the country, including cars manufactured in South Carolina. Although a Swedish Volvo brand, Polestar is controlled by China’s Geely, potentially subjecting it to U.S. national security restrictions, challenging its operations and investments in the U.S. market. Shares fell 0.7% in pre-market trading.

Toyota Motor (NYSE:TM) – Toyota and Nippon Telegraph and Telephone (NTT) will invest $3.26 billion in AI software research and development to enhance autonomous driving. The goal is to create a system that anticipates accidents and takes control of the vehicle, with plans for a 2028 release and availability to other automakers.

JPMorgan Chase (NYSE:JPM) – JPMorgan Chase has initiated lawsuits against clients accused of exploiting a technical glitch to commit check fraud. In August, an issue allowed high-value check withdrawals before clearing, and some clients withdrew over $661,000 from fake checks. In four lawsuits, the bank seeks to recover these funds and is working with authorities to hold those involved accountable. On Monday, CEO Jamie Dimon criticized U.S. financial regulations that, according to him, do not increase banking safety, such as capital rules, open banking, and card payments. Dimon stated that banks are willing to challenge these rules in court, arguing that some harm consumers and low-income workers while threatening banking competitiveness.

Bank of America (NYSE:BAC) – Bank of America has appointed 30-year company veteran Brian Weinstein to lead the Global Markets division in the EMEA region. He will also head fixed income, currency, and commodity trading in the area, pending regulatory approval. Weinstein will report to Jim DeMare and Bernie Mensah. Shares fell 0.1% in pre-market trading.

Citigroup (NYSE:C) – Citigroup relocated a small number of employees from Lebanon to Turkey due to escalating conflict between Israel and Hezbollah. Beirut, where Citi’s local office is based, also experienced attacks. Shares fell 0.2% in pre-market trading.

Goldman Sachs (NYSE:GS) – Goldman Sachs has opened a new office in Riyadh’s financial district, strengthening its presence in Saudi Arabia, where it has operated since 2008. The bank plans to expand its Asset Management and Banking operations in the region. Additionally, Goldman highlighted that U.S. financial markets face sharp, temporary increases in overnight lending rates at the end of each month, driven by the absorption of new Treasury bonds. These increases, impacting the Secured Overnight Financing Rate (SOFR), are worsened by banks’ need to meet regulatory requirements and the Fed’s quantitative tightening, reducing available liquidity. Shares fell 0.1% in pre-market trading.

Walmart (NYSE:WMT) – Walmart launched a 50% discount promotion on its annual Walmart Plus subscription service, now priced at $49 until December 2, aiming to compete with Amazon Prime, which costs $139 per year. With benefits like fast delivery and gas discounts, Walmart seeks to attract consumers in a season marked by tighter spending due to inflation.

McDonald’s (NYSE:MCD) – Analysts are divided on the long-term sales impact of the recent E. coli outbreak linked to the Quarter Pounder burger, as the company releases third-quarter results. The outbreak, which resulted in one death and 75 cases, led to a 7% drop in the company’s stock. McDonald’s faces weak demand among low-income consumers, with projected same-store sales dropping by 0.72% globally in the third quarter and earnings per share estimated at $3.20. The recent $5 meal offering slightly boosted traffic, but negative publicity concerns investors. Shares rose 0.3% in pre-market trading.

Starbucks (NASDAQ:SBUX) – Starbucks informed its corporate employees they must be in the office three days a week, or face potential termination starting in January. This policy, announced in a memo, includes exemptions for disabilities and excludes vacations, medical leave, and business trips. The move reflects a trend among major companies enforcing stricter return-to-office policies, facing resistance from some employees. Shares rose 0.2% in pre-market trading.

Estée Lauder (NYSE:EL) – Estée Lauder selected Stéphane de La Faverie as its new CEO, according to the Wall Street Journal. He will succeed Fabrizio Freda, who will retire but act as a consultant until 2026. La Faverie, currently the group president, joined the company in 2013 after working at L’Oréal.

NextEra Energy (NYSE:NEE) – NextEra Energy announced plans to raise $1.5 billion through the sale of capital units to fund new projects. Each capital unit, issued at $50, includes a contract to purchase common shares of NextEra within three years, with a premium of 0 to 25% over the October 28 closing price. The offer also includes a stake in long-term debt. Shares fell 4.2% in pre-market trading.

TotalEnergies (NYSE:TTE) – QatarEnergy acquired a 50% stake in a 1.25 GW solar project in Iraq, partnering with TotalEnergies, which holds the remaining half. Part of the Integrated Gas Growth Project (GGIP), the initiative aims to power 350,000 homes in the Basra region by 2027. Shares rose 0.2% in pre-market trading.

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