Boeing — Shares of the aerospace company slipped 3%. On Thursday, Boeing said it was expanding the scope of its ongoing inspection into a production defect on some aft pressure bulkheads on the 737 Max 8 aircraft. Spirit AeroSystems, which builds the fuselages, was down1%
Dollar General — Shares of the discount retailer rallied 9% after it announced late Thursday it was bringing back former CEO Todd Vasos to lead the company. On Friday, Gordon Haskett upgraded the stock to buy, saying Dollar General’s latest leadership change could help stabilize the company.
JPMorgan Chase — The country’s largest bank saw shares rise roughly 3% after it reported third-quarter financial results, boosting its profit by 35% from a year earlier to $4.33 per share — a figure not immediately comparable to LSEG estimates. Revenue came in at $40.69 billion for the quarter, compared to the LSEG estimate of $39.63 billion.
Wells Fargo — The bank stock gained close to 3% after Wells Fargo posted third-quarter results that beat expectations. Revenue came in at $20.86 billion, versus $20.11 billion estimated by analysts polled by LSEG. Its earnings per share was $1.48, or $1.39 per share, excluding discrete tax benefits. It was unclear what the exact comparable number was to estimates, but both figures were higher than the LSEG consensus of $1.24.
Citigroup — Shares of the New York-based bank rose 1.4% after posting its third-quarter results. Citigroup reported $1.63 in earnings per share, or $1.52 per share, excluding the impact of divestitures. Analysts surveyed by LSEG were expecting $1.21 per share, though it is unclear if that number accounts for the divestitures. On the revenue front, Citigroup generated $20.14 billion, compared to $19.31 billion expected.
PNC Financial Services — Shares shed 3% after reporting mixed earnings for its third quarter. Its revenue of $5.23 billion came in below the consensus estimate of $5.32 billion, per LSEG. However, PNC earned $3.60 per share, topping the $3.11 per share expected.
Progressive — The insurance stock added 7.5% after it reported $15.59 billion in net premiums written for the third quarter, topping StreetAccount estimates of $15.38 billion. Its September net premiums written also beat expectations.
JD.com — The Chinese e-commerce company slid 3.7% Friday and hit a new 52-week low. Morgan Stanley downgraded shares to equal-weight from overweight in a client note, citing weak consumption trends in China.
Netflix — Netflix shares fell close to 2% after Wolfe Research downgraded the streaming stock to peer perform from outperform, citing concerns related to the company’s growth forecast.
UnitedHealth Group — Shares of the health insurance giant gained 2% on better-than-expected earnings. The company posted adjusted earnings of $6.56 per share on revenue of $92.4 billion, while analysts polled by LSEG had expected per-share earnings of $6.32 on revenue of $91.37 billion. UnitedHealth has the highest share price of any Dow stock, giving it the most influence over the benchmark’s performance.
Hormel Foods — The stock fell nearly 3%. This week, the United Food and Commercial Workers International Union ratified a new contract with Hormel Foods, which includes hourly wage increases of $3 to $6 an hour.
