Big Bank Earnings Wrap; Papa John's & Grindr Private Bids

- Bank of America (BAC) is after reporting earnings. It reported trading revenue excluding DVA for the third quarter that beat the average analyst estimate. Net interest income also came in $15.23 billion compared to the estimate of $15.03 billion
- Morgan Stanley (MS) are rising after stock traders surpassed expectations in the third quarter, topping rivals on the surge in trading activity as US President Donald Trump's policies kept markets on edge throughout the period. Revenue from trading stocks surged to $4.12 billion in the third quarter, according to a statement, and the firm's results also got a boost from better-than-expected investment-banking fees.
- Papa John's (PZZA) is higher as Reuters reports Apollo Global Management submitted a bid within the last week to take the pizza chain operator private at $64 per share.
- Grindr (GRND) shares are higher after it said its largest shareholders are exploring an acquisition that would take the company private at no less than $15 a share. Grindr has established a special committee to assess offers if a firm plan is presented to the company, and is focused on executing its three-year plan.

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