Market Insider

Early Movers: BAC, BLK, PNC, KEY, SWY, AAPL & more

Check out which companies are making headlines before the bell on Wednesday:

Bank of America (BAC) – The bank reported a smaller-than-expected loss of one cent per share, though revenue was slightly below estimates. The bank's bottom line was affected by charges related to its recent settlement with the Justice Department.

PNC Financial (PNC) – PNC beat estimates by eight cents with third-quarter profit of $1.79 per share, with revenue also above consensus. That revenue number was below year ago levels, but PNC's results were aided by cost cuts.

KeyCorp (KEY) – The bank reported third quarter profit of 23 cents per share, missing estimates by three cents, and revenue also fell below Street forecasts even though KeyCorp's loan portfolio grew. Its results were impacted by a drop in its net interest margin.

BlackRock (BLK) – The asset management firm reported third-quarter profit of $5.21 per share, excluding certain items, beating estimates of $4.66. Revenue also came in above estimates, and assets under management grew by ten percent compared to a year earlier.

Disappointing earnings could trigger more than correction: Pro
Disappointing earnings could trigger more than correction: Pro

(Read More: See the Day's Top Percentage Winners & Losers)

Safeway (SWY) – The grocery chain earned four cents per share, excluding certain items, well below estimates of 16 cents, with revenue also below estimates. However, sales did increase ahead of Safeway's pending combination with rival Albertsons.

Apple (AAPL) – The stock was added to the "best ideas" list at Morgan Stanley, citing strong iPhone 6 demand and Apple's expansion into new product categories.

Nike (NKE) – Goldman added the athletic apparel and footwear maker's stock to its "conviction buy" list, saying anxiety related to overseas markets has created an attractive entry point.

Monster Beverage (MNST) – The beverage maker was also added to Goldman's "conviction buy" list, as its distribution deal with Coca-Cola drives growth in future quarters.

CBS (CBS) – Citi upgraded CBS to "buy" from "neutral", saying a recent pullback makes CBS attractive given its valuation relative to Street EPS growth expectations.

Intel (INTC) - The chipmaker reported third quarter profit of 66 cents per share, one cent above estimates, with revenue above forecasts as well. The chip maker also gave an upbeat current quarter revenue forecast on recovering demand for personal computers.

CSX (CSX) – CSX reported third quarter profit of 51 cents per share, three cents above estimates, with revenue also beating consensus. The railroad operator's results were helped by a boost in shipments across all its segments.

Ann Inc. (ANN) – The company entered a confidentiality agreement with Golden Gate Capital. The retailer's move comes just a few weeks after several hedge funds urged the company to sell itself.

Growth not as bad as markets pricing in: Pro
Growth not as bad as markets pricing in: Pro

(Read More: See CNBC's Market Insider Blog)

Qualcomm (QCOM) – Qualcomm is buying British chip maker CSR for $2.5 billion in cash, beating out Microchip Technology (MCHP). Microchip had also sought to buy CSR but had been rebuffed. CSR specializes in Bluetooth technology and has been making strides in wearable and automotive computing devices.

AbbVie (ABBV) – The drug maker is reconsidering its $55 billion deal to buy Britain's Shire (SHPG), due to the U.S. government's move to reduce the tax advantages of so-called "inversion" deals.

Toyota Motor (TM) – The automaker is recalling about 1.7 million vehicles globally for three separate issues, including a faulty brake master cylinder. The company said it is not aware of any crashes or injuries resulting from those issues.

Wal-Mart Stores (WMT) – The retail giant is launching a new digital movie access service, in conjunction with movie streaming service VUDU.

ASML (ASML) – ASML is reporting a drop in quarterly sales, but the Dutch chip equipment maker said it is still on track to hit its full-year sales targets.

Hewlett-Packard (HPQ), EMC Corp. (EMC) – The two companies have ended merger talks, according to Reuters. CNBC's David Faber had reported last week that the talks had hit an impasse and that a deal was unlikely.

Whole Foods Market (WFM) – The grocery chain is rolling out a produce-ranking system, that will assign ratings of "good," "better," and "best" based on the supplier's farming practices.

—By CNBC's Peter Schacknow

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