According to CNBC, several stocks made significant premarket moves on Wednesday. Bank of America fell 4% after third-quarter profit dropped 17% to 91 cents per share, hit by a $1.2 billion penalty from the U.S. Treasury Department over money-laundering violations. Without the penalty, earnings would have been $1.08 per share. BlackRock rose 3% following an earnings and revenue beat, with adjusted earnings of $15.93 per share versus the $14.13 expected by analysts polled by LSEG. Assets under management climbed to $15.49 trillion from $13.46 trillion a year ago. ASML's U.S.-listed shares slipped 1% after the Dutch semiconductor company reported a slight miss on third-quarter net sales at 11.66 billion euros versus the 11.72 billion euro LSEG estimate, though net profit came in above expectations. GameStop gained 2% after CEO and Chairman Ryan Cohen disclosed in a regulatory filing that he purchased 844,000 shares. Albemarle jumped 3% after Mizuho upgraded the stock to outperform from neutral, citing lithium demand exceeding expectations that Albemarle can capitalize on with its improved balance sheet. Dell Technologies and Hewlett Packard Enterprise fell more than 2.5% and nearly 4%, respectively, after Barclays downgraded both to equal weight from overweight. Dell has risen more than 350% in 2026 and HPE has gained 185%, but Barclays analysts expressed doubt the rallies can be sustained. Morgan Stanley edged up 0.4% after an earnings and revenue beat in its third-quarter report, with equity revenues above expectations while investment banking revenues missed estimates.
