Banks Slide, Airlines Soar, Globalstar Jumps
On this episode of Stock Movers:- Wells Fargo (WFC) shares slide as much as 6.8% on Tuesday, the biggest intraday drop since July, after the US bank reported net interest income for the first quarter that missed the average analyst estimate. JPMorgan (JPM) shares fell over 3% premarket Tuesday after the largest US bank cut its net interest income forecast for the full year.- United Airlines (UAL) shares rose as much as 3.9% and American Airlines (AAL) shares gained as much as 9.6% after United Chief Executive Officer Scott Kirby floated a possible combination between the two airlines. JetBlue…
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