PNC Financial reported record quarterly revenue of $6.88 billion, a 21% increase, driven by a surge in capital markets activity and contributions from its recent acquisition of FirstBank.
AMC Entertainment shares rose in pre-market trading after Texas Capital Securities upgraded the stock to Buy, citing the resolution of near-term debt and a stronger industry-wide box office forecast.
Shares of Vusion Group fell nearly 8% on Monday after brokerage AlphaValue initiated coverage with a 'sell' rating, citing significant risks related to the company's business model and its heavy reliance on a contract with Walmart.
The world's largest asset manager reported second-quarter earnings that beat analyst expectations, driven by a 15% gain in the S&P 500 and $192 billion in net new client money.
Health insurance stocks fell sharply in premarket trading after Elevance Health's second-quarter report revealed a steep drop in profitability in its core benefits business, raising concerns about industry-wide margin compression.
Shares of the health insurer dropped despite beating quarterly earnings and revenue estimates, as investors focused on a significant decline in operating margins and persistent cost pressures in its Medicaid business.
Shares of the digital shelf solutions provider fell sharply after research firm AlphaValue published a bearish report questioning the profitability of its software division and highlighting cash flow risks.
Volkswagen has introduced the ID. Cross, a new compact electric SUV priced around €28,000, as it aims to secure its position in Europe's affordable EV segment amid intense pressure from Chinese automakers.
Shares in the UK construction group jumped after it announced that full-year profit is expected to come in at the top end of market expectations, citing strong operational performance.
