Morgan Stanley, United Airlines, JB Hunt fall premarket; Procter & Gamble rises

  • Stock Market News
Morgan Stanley, United Airlines, JB Hunt fall premarket; Procter & Gamble rises
Credit: © Reuters. -- U.S. futures slipped lower Wednesday, as investors digested heightened geopolitical tensions in the Middle East as well as the ongoing quarterly earnings results.

Here are some of the biggest premarket U.S. stock movers today:

  • Morgan Stanley (NYSE: MS ) stock fell 2.9% after the banking giant reported a 9% drop in profit from a year ago, while revenue grew 2% to $13.27 billion, essentially matching expectations.

  • Procter & Gamble (NYSE: PG ) stock rose 1.6% after the consumer goods giant’s quarterly sales topped market expectations, helped by steady demand for its products despite several rounds of price hikes.

  • Citizens Financial (NYSE: CFG ) stock fell 3% after the bank’s third-quarter profit fell 33% on a decline in its income earned from charging customers interest on their loans.

  • Travelers (NYSE: TRV ) stock rose 0.1% despite the insurer reporting a 14% fall in quarterly profit, as severe wind and hail storms in parts of the United States drove up catastrophe losses for the insurer.

  • Nasdaq (NASDAQ: NDAQ ) stock rose 0.2% after the stock exchange reported third-quarter profit that beat expectations, helped by stronger demand for its indexes and anti-financial-crime products.

  • United Airlines (NASDAQ: UAL ) stock fell 5.3% after the carrier disappointed with its guidance, forecasting weaker fourth-quarter earnings due to higher costs.

  • JB Hunt (NASDAQ: JBHT ) stock fell 3.1% after the transportation and logistics company fell slightly short on profit expectations in the third quarter.

  • Interactive Brokers (NASDAQ: IBKR ) stock fell 3.8% after reporting third-quarter results, with brokerages reducing their price targets on the online broker, citing the company's lowered account growth targets.

  • M&T Bank (NYSE: MTB ) stock rose 2% after the lender beat estimates for third-quarter profit, as the Federal Reserve's rapid rate hikes allowed it to charge more on loans.

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