Check out the companies that are trending in pre-market trading. Regional Bank Stocks — The subsector rose after pulling the broader market lower on Thursday. Zion rose more than 1% on the back of Baird’s upgrade, while Western Alliance rallied less than 1%. SPDR S&P Regional Banking ETF (KRE) rose 0.4%. Jefferies — The investment bank’s stock rose 3% after Thursday’s plunge of more than 10%. Oppenheimer upgraded the stock to outperform on Friday, but the firm said Jefferies’ exposure to First Brands is “very limited.” CSX — Railroad shares rose 2.5% after third-quarter profits beat expectations. CSX reported adjusted earnings of 44 cents per share on revenue of $3.59 billion, while analysts surveyed by LSEG expected earnings of 42 cents per share and revenue of $3.58 billion. Interactive Brokers Group — Shares fell 2.6% despite a better-than-expected third-quarter earnings report. Interactive Brokers had earnings of 57 cents per share, excluding items, on revenue of $1.61 billion. This beat LSEG’s earnings of 54 cents per share and sales of $1.52 billion. Oracle — The software stock fell 2.4%, regaining some of its gains in Thursday trading. Oracle confirmed its cloud computing deal with Meta on Thursday. OZK Bank — The regional bank fell about 2% after third-quarter profits fell short of expectations, widening losses seen in Thursday’s local bank selloff. OZK Bank’s profit was $1.59 per share, below the consensus estimate of $1.66 per share among analysts surveyed by FactSet. Novo Nordisk and Eli Lilly — Pharmaceutical stocks each fell about 4% after President Donald Trump suggested the cost of obesity drugs could be “much lower.” However, Dr. Mehmet Oz, administrator of the Centers for Medicare and Medicaid Services, noted that the price of the popular GLP-1 drug has not yet been negotiated by the White House. 3rd of 5 — Shares of the bank, which announced its acquisition of Comerica last week, rose 2.8% after a better-than-expected third-quarter earnings report. Fifth Third had revenue of 91 cents per share, or $2.31 billion, compared with the forecast of 87 cents or $2.28 billion by analysts surveyed by LSEG. Comerica stock also rose 0.8% following the earnings announcement. Micron Technology — Shares fell 1.8% after Reuters reported that Micron would exit its server chip business in China, citing sources familiar with the matter. Reuters reported that Micron’s business in the Asian country failed to recover following a ban on the use of its products in critical infrastructure in 2023. Huntington Bancshares — This regional bank soared 2%. Huntington’s third-quarter earnings were 41 cents per share, beating LSEG’s consensus estimate of 37 cents per share. American Express — The financial stock rose about 1% after the company beat expectations for the third quarter and raised its full-year outlook. American Express reported profit of $18.43 billion, or $4.14 per share, for the quarter, compared with analyst estimates compiled by FactSet for profit of $18.05 billion, or $4 per share. Trust Financial — Shares rose 2.8% after the company reported better-than-expected third-quarter results. The Trust had earnings per share (excluding items) of $1.07 on revenue of $5.24 billion, compared to analysts’ expectations of $1.00 and $5.2 billion. Intuitive Machines — Space technology stocks rose 4.8% after Deutsche Bank upgraded the stock from hold to buy. Mr Deutsche said the risk-reward ratio of the share price was attractive and the business had commercial catalysts on the horizon. — CNBC’s Pia Singh contributed reporting
