Twitter, Bank of America, Charles Schwab and more

Check out the companies that make headlines for trading at noon.

twitter — Shares rose 7.5% after Twitter announced on Friday that the board had adopted a limited-time shareholder rights plan. “poison” This move happens after billionaire Elon Musk Offering to buy the company for $ 43 billion..

Bank of America — Stock prices soared 3.4% after Bank of America Reported earnings beat on Monday. Bank of America, backed by the strength of consumer lending, exceeded its first-quarter expectations with revenues of 80 cents per share and $ 23.33 billion. Analysts surveyed by Refinitiv expected revenue of 75 cents per share and $ 23.2 billion.

Bank of New York Mellon — Shares fell 2.3% after the company’s earnings fell below Wall Street estimates. Revenue was $ 3.93 billion, while Refinitiv’s consensus estimate was $ 3.97 billion. Banks exceeded earnings estimates at 1 penny per share.

Synchrony financial – Financial services company stocks rose 6.2% after the company reported that it exceeded its quarterly earnings and earnings estimates. The board also approved a $ 2.8 billion addition to the company’s share buyback plan and a 5% dividend increase to 23 cents per share.

Charles Schwab — Charles Schwab shares fell 9.4% after the company missed analyst quotes at the top and bottom lines of the first quarter. The company reported a profit per share of 77 cents with revenue of $ 4.67 billion. Analysts expect revenue of $ 4.83 billion and 84 cents per share.

Southwest gas — Southwest Gas approves full-range or strategic alternatives after receiving what is called a “sign of interest” that far exceeds $ 82.50 per share of investor Carl Icahn. After saying, utility stocks rose 5.7%.

Diddy Global — Shares fell 18.3% after a China-based ride-hailing service company reported a 12.7% year-on-year decrease in fourth-quarter earnings. The company announced that a stockholding meeting will be held on May 23 to vote for delisting from the New York Stock Exchange.

SiriusXM Holdings — Inventories of satellite radio Downgrade from Morgan Stanley to Underweight.. According to Morgan Stanley, new car production issues, a key area for new Sirius subscribers, can hurt inventories.

Wendy’s — Fast food chain share has since fallen 2.1% BMO downgraded Wendy’s Bring performance to market from outperform. The company said in a note to its customers that Wendy’s would suffer from the pressure on consumer spending caused by inflation.

progressive — After Piper Sandler downgraded the insurance company from neutral to underweight, the company’s stock fell 2.2%. “I think PGR’s stock price reflects too optimistic about how soaring car insurance prices will improve PGR’s profits,” said Piper Sandler.

gap — Share increased 1.2% after Morgan Stanley upgraded the gap from underweight to equivalent weight. According to the company, the downside of Gap shares has already been “priced”.

— CNBC’s Jesse Pound, Sarah Min, Samantha Subin, and Tanaya Macchel contributed to the report.