Premarket Stock Gainers: MS, UNH, BAC

Welcome to Extreme Investor Network, where we bring you the latest updates on companies making headlines in the finance world. Today, we are taking a closer look at some of the top performers before the bell.

Morgan Stanley saw a 2% drop in premarket trading despite beating Wall Street estimates in the second quarter. The firm attributed its success to strong trading and investment banking performance, with profit surging 41% from the year-earlier period.

On the other hand, Bank of America’s shares rose nearly 1% after reporting second-quarter financial results that exceeded expectations. With earnings at 83 cents a share and revenue hitting $25.54 billion, the bank also provided new guidance on net interest income.

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Health insurance giant UnitedHealth also impressed with better-than-expected results, earning $6.80 per share on revenue of $98.86 billion. Shopify gained over 3% after an upgrade from Bank of America, while Match Group experienced a 7% jump in shares due to activist investor Starboard Value acquiring a 6.5% stake.

In contrast, Reddit saw a 3.4% drop after being downgraded by Loop Capital, and Dollar Tree’s shares dipped 1% following a downgrade from Piper Sandler. Charles Schwab also declined over 3% despite narrowly topping analysts’ estimates in the second quarter.

Stay tuned for more updates and insights from Extreme Investor Network as we continue to track the latest trends and developments in the world of finance. Make sure to follow us for unique analysis and information that sets us apart from the rest. Happy investing!

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