U.S. banks — Major U.S. banks tumbled on Wednesday as unease over the latest crisis at Credit Suisse spooked some investors. JPMorgan Chase and Goldman Sachs fell about 4.7% and 3.1%, respectively. Wells Fargo slipped 3.3%. Citigroup and Morgan Stanley shed more than 5% each.
SentinelOne — The cybersecurity stock jumped more than 7% after posting a smaller-than-expected loss for the recent quarter.
New York Community Bancorp — The regional bank stock jumped more than 57%, bucking the broader sell-off trend in banking names. UBS assumed coverage of New York Community Bancorp with a buy rating, saying shares can jump 50%.
Smartsheet – The maker of work management software saw shares jump 17.8% after the company reported fourth-quarter earnings and revenue that beat analysts’ expectations, according to FactSet. Earnings guidance for the first quarter and full year also came ahead of Wall Street forecasts.
Guess? —The clothing maker lost 5.2% after the issuing weak guidance for the first quarter and full year, according to FactSet.
Freshpet — Shares dropped 1.8% after activist investor JANA Partners said Freshpet requires either “significant board change, or in the absence of such change, should be sold.” The statement comes after the pet food company announced an equity-linked capital raise on Tuesday.