Market Insider

Midday movers: Credit Suisse, UBS, Citigroup & more

Scott Mlyn | CNBC

Take a look at some of Thursday's midday movers:

Credit Suisse Group - The bank and other Swiss stocks trading in the United States and quoted in U.S. dollars rose as the Swiss franc rallied against the dollar after the Swiss National Bank scrapped its cap on the franc against the euro. Novartis also gained.

UBS - The bank fell after agreeing to pay more than $14.4 million to settle charges over disclosure violations related to its U.S. trading platform.

Citigroup - The bank declined after posting an 86 percent drop in fourth-quarter profit on large legal and restructuring charges.

Target - The discount retailer rose after saying it would cease operations in Canada.

Lennar - The homebuilder fell after reporting its first fall in quarterly margins in three years. Competitors including KB Home, DR Horton, PulteGroup and Toll Brothers also dropped.

Ocwen Financial - The mortgage-service supplier jumped after hedge-fund manager Robert Chapman acquired a stake in the company.

Pilgrim's Pride - The chicken processor rose after it declared a special dividend of $5.77 a share.

Newmont Mining - The miner and others including Goldcorp, Yamana Gold and AngloGold Ashanti gained with gold.

Insulet - The maker of insulin-infusion systems fell after JPMorgan downgraded it to neutral from overweight.

eHealth - The insurance company dropped after warning it would lower-than-expected results for the fourth quarter.

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