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PNC Financial Rises, GE Vernova Up, HP Falls on Barclays Downgrade
Description
On this episode of Stock Movers:
- PNC Financial (PNC) shares rose to a four-year high after the regional bank reported a 9% increase in fourth-quarter revenue, beating analysts’ estimates. Non-interest income in the fourth quarter was up 14% to $2.34 billion, driven by fees from the capital-markets and advisory business, which surged 41% to $489 million.
-GE Vernova (GEV) shares are up after President Donald Trump and US Northeastern state governors agreed to push for an emergency wholesale electricity auction to compel technology companies to fund new power plants.
-HP (HPQ) shares fall after Barclays downgraded the PC company to underweight from equal-weight. “Secular challenges across both PCs and Printing, combined with a lack of catalyst, will cause the stock to remain pressured in 2026,” writes analyst Timothy Long.
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