Stocks to Watch Thursday: Bank of America, Richemont, TSMC -- WSJ

Dow Jones
01-16

By WSJ Staff

Bank of America $(BAC.SI)$ and Morgan Stanley $(MS)$ are due to report before the open, as are smaller banks including PNC Financial $(PNC)$ and U.S. Bancorp $(USB)$.

Other earnings due Thursday morning include health insurer UnitedHealth $(UNH)$, whose executive Brian Thompson was shot dead last month.

Richemont (CH:SWX): The Swiss luxury group reported its highest-ever quarterly sales, which beat forecasts. The strong results boosted Richemont shares and lifted other luxury stocks. Shares in LVMH (FR:MC) rose almost 8% in Paris.

TSMC $(TSM)$, (TW:2330): The world's largest contract chip maker reported another record quarter on AI-driven demand and said it expected continued growth. Its Taiwan-listed shares rose above 3%, despite new chip restrictions issued by the Biden administration Wednesday that apply to TSMC.

DuPont $(DD)$: The chemical and materials maker company said it would no longer spin off its water division, altering previous plans to break up into three smaller publicly traded companies.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

January 16, 2025 04:46 ET (09:46 GMT)

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