Midday Movers: WFC, UPS, BBT & More
Take a look at some of Tuesday's midday movers:
Wells Fargo came off its lows after announcing a 22 cent quarterly dividend and 200 million stock buyback.
UPS moved higher despite a drop in profit and revenue that came in below Street forecasts. The company did, however, slightly raise its outlook.
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ARM Holdings gained after the company said smartphone royalties helped boost earnings above forecasts.
BB&T, PNC, Comerica, Fifth Third, SunTrust Banks and Regions Financial all moved lower as Goldman said regional banks may have little or no earnings growth over the next two years unless the economy picks up.
Track Regional Banks
American Eagle Outfitters lost ground after investors were disappointed that the apparel retailer's CEO said, in a conference call, that third-quarter results were coming in as expected.
Xerox fell after the company trimmed its earnings forecast.
Hub Group moved higher after reporting better-than-expected third-quarter earnings.
Health Management moved lower following weaker-than-expected earnings.
StanCorp Financial rose after the insurer reported better-than-expected operating earnings.
Reynolds American moved lower amid heightened competition and uncertainty over the future.
MicroStrategy tumbled following news of a management shake-up.
—By CNBC's Rich Fisherman.
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