On this episode of Stock Movers:

- Universal Music said subscription revenue grew 8.7% in 3Q, buoyed by artists like Taylor Swift and the soundtrack album for the hit film KPop Demon Hunters.

- Erste Group Bank raised its net interest income growth guidance. The bank sees its deal to buy Santander’s Polish unit on track to close around the year-end. 

- Puig’s share price rose, with trading volume almost 10 times the 20-day average after the Spanish group reported better-than-expected 3Q sales and upgraded its guidance for the last three months of the year. 

On this episode of Stock Movers:
- Universal Music said subscription revenue grew 8.7% in 3Q, buoyed by artists like Taylor Swift and the soundtrack album for the hit film KPop Demon Hunters.
- Erste Group Bank raised its net interest income growth guidance. The bank sees its deal to buy Santander&rsquo;s Polish unit on track to close around the year-end.&nbsp;
- Puig&rsquo;s share price rose, with trading volume almost 10 times the 20-day average after the Spanish group reported better-than-expected 3Q sales and upgraded its guidance for the last three months of the year.&nbsp;

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Universal Music Up, Erste Rises, Puig Surges

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/af60a420-832b-4dbd-a352-b3870097ad76/transcript

On this episode of Stock Movers:
- Richemont sales jumped to a record in the final months of last year as holiday shoppers splurged on its watches and Cartier jewelry, led by demand in the US and the Middle East. It's shares rose 2.6% on the news.
- ASML shares soared to a record high, sending its market value beyond $500 billion, after Asian peer Taiwan Semiconductor Manufacturing Co. gave a stronger-than-anticipated outlook for 2026. The Dutch semiconductor equipment maker rose as much as 7.6%, extending its year-to-date gain to 25%.
- Swedbank rose 6%. Trading volume was 106 times the average for this time of day.

On this episode of Stock Movers: - Richemont&nbsp;sales jumped to a record in the final months of last year as holiday shoppers splurged on its watches and Cartier jewelry, led by demand in the US and the Middle East. It's shares rose 2.6% on the news. - ASML shares soared to a record high, sending its market value beyond $500 billion, after Asian peer Taiwan Semiconductor Manufacturing Co. gave a stronger-than-anticipated outlook for 2026. The Dutch semiconductor equipment maker rose as much as 7.6%, extending its year-to-date gain to 25%. - Swedbank rose 6%. Trading volume was 106 times the average for this time of day.

Richemont Rises, ASML Soars, Swedbank Up 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/19271769-1f5b-4b33-9359-b3d300954ea4/transcript

On this episode of Stock Movers:

- Bank of America (BAC)’s equity traders posted their best fourth quarter ever as the company reaped the benefits of volatile markets and net interest income topped analysts’ estimates. Revenue from equity trading rose 23% to $2.02 billion in the final three months of the year, according to a statement Wednesday. Analysts had been expecting equity-markets revenue of close to $1.9 billion. That helped give Bank of America earnings of 98 cents a share, topping analysts’ estimates. Still, shares declined amid concerns about expenses. Shares of Charlotte, North Carolina-based Bank of America dropped on Wednesday to its biggest decline on an earnings day since 2020. They’ve gained 15% in the past 12 months, less than the 19% increase in the S&P 500.

- Citigroup (C) Chief Financial Officer Mark Mason said the lender wants to cooperate with President Donald Trump’s affordability push but doesn’t support his proposed cap on credit card fees. Banking industry groups have said that a 10% limit on rates threatens to cut credit availability to certain customers, especially those with subprime credit scores. Shares of the big bank fell during trading today.

- Royal Caribbean (RCL) shares fell as much as 4.7% on Wednesday after Citi analyst James Hardiman issued a downside 30-day short-term view on the cruise operator ahead of its quarterly report expected towards the end of the month.

On this episode of Stock Movers: - Bank of America (BAC)&rsquo;s equity traders posted their best fourth quarter ever as the company reaped the benefits of volatile markets and net interest income topped analysts&rsquo; estimates. Revenue from equity trading rose 23% to $2.02 billion in the final three months of the year, according to a statement Wednesday. Analysts had been expecting equity-markets revenue of close to $1.9 billion. That helped give Bank of America earnings of 98 cents a share, topping analysts&rsquo; estimates. Still, shares declined amid concerns about expenses. Shares of Charlotte, North Carolina-based Bank of America dropped on Wednesday to its biggest decline on an earnings day since 2020. They&rsquo;ve gained 15% in the past 12 months, less than the 19% increase in the S&amp;P 500. - Citigroup (C) Chief Financial Officer Mark Mason said the lender wants to cooperate with President Donald Trump&rsquo;s affordability push but doesn&rsquo;t support his proposed cap on credit card fees. Banking industry groups have said that a 10% limit on rates threatens to cut credit availability to certain customers, especially those with subprime credit scores. Shares of the big bank fell during trading today. - Royal Caribbean (RCL) shares fell as much as 4.7% on Wednesday after Citi analyst James Hardiman issued a downside 30-day short-term view on the cruise operator ahead of its quarterly report expected towards the end of the month.

Bank of America Slides, Citigroup Falls, Royal Caribbean Falls

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/aa9f1cad-5d77-4fcc-99d2-b3d2016c2d42/transcript

On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

- Dow Chemicals (DOW), LyondellBasell (LYB) and other US chemicals stocks are rising Wednesday as higher oil prices are giving gas-based producers an advantage and as analysts see upside for US chemicals and fertilizer firms. 

- Bank of American (BAC)’s equity traders posted their best fourth quarter ever as the company reaped the benefits of volatile markets and net interest income topped analysts’ estimates. Revenue from equity trading rose 23% to $2.02 billion in the final three months of the year, according to a statement Wednesday. Analysts had been expecting equity-markets revenue of close to $1.9 billion. That helped give Bank of America earnings of 98 cents a share, topping analysts’ estimates. Still, shares declined amid concerns about expenses. They’ve gained 15% in the past 12 months, more than the 12% increase in the S&P 500 Financials Index.

-Lululemon shares fall as much as 2.1% after the Supreme Court did not issue an opinion on the legality of IEEPA tariffs. The second opinion day with no comments on the duties. The court hasn’t said when it will next issue opinions. Toy stocks Mattel and Hasbro are down as much as 3% and 2.9%, respectively

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. - Dow Chemicals (DOW), LyondellBasell (LYB) and other US chemicals stocks are rising Wednesday as higher oil prices are giving gas-based producers an advantage and as analysts see upside for US chemicals and fertilizer firms. - Bank of American (BAC)&rsquo;s equity traders posted their best fourth quarter ever as the company reaped the benefits of volatile markets and net interest income topped analysts&rsquo; estimates. Revenue from equity trading rose 23% to $2.02 billion in the final three months of the year, according to a statement Wednesday. Analysts had been expecting equity-markets revenue of close to $1.9 billion. That helped give Bank of America earnings of 98 cents a share, topping analysts&rsquo; estimates. Still, shares declined amid concerns about expenses. They&rsquo;ve gained 15% in the past 12 months, more than the 12% increase in the S&amp;P 500 Financials Index. -Lululemon shares fall as much as 2.1% after the Supreme Court did not issue an opinion on the legality of IEEPA tariffs. The second opinion day with no comments on the duties. The court hasn&rsquo;t said when it will next issue opinions. Toy stocks Mattel and Hasbro are down as much as 3% and 2.9%, respectively

Closing Bell: Chemical Stocks Soar, Bank of America Slides, Lululemon Drops

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6b96474a-96b1-4164-acd5-b3d2015ef53b/transcript

Universal Music Up, Erste Rises, Puig Surges

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