Midday Movers: FITB, BAC & More
Take a look at some of Thursday's midday movers:
Big bank and financial services companies were among the best and worst performers of the day driven by quarterly earnings reports.
Fifth Third Bankcorp was among the winners after the bank posted fourth-quarter earnings that were up 27 percent. The regional bank also reported fewer loan write-offs and continued to grow its commercial and industrial loan business.
The semiconductor sector rose ahead of Intel's earnings after-the-bell.
Taiwan Semiconductor rose after the chipmaker posted fourth-quarter net profits that rose 32 percent. The worlds largest contract chipmaker said it expects strong demand for tablets and smartphones to drive growth for the next three years.
Taiwan Semi's long-term outlook giving a lift to other chip makers including, KLA-Tencor, which is among the best performers on the S&P 500 on heavy volume.
And ASML Holding was raised to a "buy" from "neutral" at Bank of America Merrill Lynch after reporting its fourth-quarter earnings.
And Nu Skin Enterprises spiked after raising its fourth-quarter earnings and revenue guidance. The skin care company had recently been caught in the downdraft surrounding another direct sales company, Herbalife.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Lori Spechler
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