Continental Resources, Bank of America, Apple and others

Check out the companies that make headlines before the call:

Continental Resources (CLR) – Chairman and founder Harold Hamm and his family will acquire shares in the energy producer they do not already own at $74.28 per share. The deal is not dependent on any funding and is expected to close before the end of the year. Shares of Continental rose 8.6% in premarket trading.

Bank of America (BAC) – Shares of Bank of America jumped 3.1% in premarket trading after outperforming top and bottom estimates on its third-quarter earnings report. The results were improved by an increase in net interest income.

Bank of New York Mellon (BK) – The bank’s shares rose 4.4% in premarket trading after better-than-expected third-quarter results. Net interest income for the quarter increased by 44% year-on-year.

news corporation (SZSA), Fox Corp. (FOXA) – News Corp. added 3.5% in premarket, while Fox Corp. lost 4.1%. Rupert Murdoch’s media companies have formed ad hoc committees to consider reuniting the two media companies, which split in 2013.

Apple (AAPL) – Apple added 1.4% in premarket trading after Morgan Stanley called the company a “top pick” for its ability to weather the economic downturn.

Platform Meta (META) — According to internal documents seen by The Wall Street Journal, Meta is not meeting its goals for its flagship metaverse product, Horizon Worlds. The product has less than 200,000 monthly active users, compared to an original target of 500,000 by the end of this year and a revised year-end target of 280,000. The meta is up 1.6% in premarket.

Goldman Sachs (GS) — Goldman plans to consolidate its various divisions into three divisions in a major reorganization, according to people familiar with the matter who spoke to the Wall Street Journal. One division will house investment banking and trading operations, another for asset and wealth management, and a third for transactional banking. Goldman added 1% in premarket.

Splunk (SPLK) – Splunk rose 9.1% in premarket trading after the Wall Street Journal reported that activist investor Starboard Value owns just under 5% of the software company.

Archaea Energy (LFG) – Natural gas producer shares up 51.1% in premarket trading after agreeing to be acquired HELL (BP) at $26 per share. BP grew by 2.2%.

Credit Suisse (CS) – Shares of Credit Suisse rose 3.2% in premarket trading after the Financial Times reported that the company is ready to sell part of its Swiss bank to raise capital.

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