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Market Movers: Coinbase & Discover Lead with Impressive Growth Amid Key Financial Updates

AInvestWednesday, Nov 6, 2024 5:30 pm ET
1min read
1. Coinbase Global (Nasdaq: COIN)
Coinbase Global surged by 31.11%. Coinbase Global disclosed 10 insider transactions on November 4, 2024, with high-ranking executive Emilie Choi selling 1,942 shares. The company released its Q3 2024 financial results, reporting $42.92 billion in revenue and $12.88 billion in net profit for the first three quarters.

2. Discover Financial Services (NYSE: DFS)
Discover Financial Services surged by 20.25%. Evercore ISI Group and RBC Capital maintain their ratings on Discover Financial, with target prices of $163 and $161, respectively. Discover Financial's earnings report showed a 14.8% year-over-year increase in revenue, reaching $87.48 billion by June 30, 2024.

3. First Citizens Bancshares (Nasdaq: FCNCA)
First Citizens Bancshares surged by 18.27%. JP Morgan maintains overweight on First Citizens Bancshares, lowering the price target to $2300. The company declared a cash dividend of $1.9500 per share. Wedbush downgraded the bank from outperform to neutral, reducing the target price to $2150.00.

4. Nucor (NYSE: NUE)
Nucor surged by 15.97%. Nucor Corporation reported third-quarter 2024 results with net sales of $7.44 billion, surpassing expectations of $7.23 billion. Analysts maintain an overweight rating, with JP Morgan setting a target price of $168.00 and Morgan Stanley at $166.00.

5. Capital One Financial (NYSE: COF)
Capital One Financial surged by 14.96%. Capital One declared a dividend of $0.6000 per share, payable on November 14. Evercore ISI Group maintained an in-line rating with a price target of $184.00, while RBC Capital set a target of $160.00. Capital One reported a Q3 net income decrease of 12.60% year-over-year.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.