Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that are moving substantially or trading heavily today on the New York Stock Exchange, Nasdaq Stock Market, and American Stock Exchange.
Chase Manhattan Corp., up 2 1/4 at 73 1/8.
BankAmerica, down 1 13/16 at 62 3/4.
Chase’s fourth-quarter net earnings were $1.31 per diluted share, compared with 97 cents a year ago. Analysts had expected Chase to earn $1.19.
BankAmerica’s fourth-quarter net income were 91 cents per diluted share, down from 81 cents a year ago, with charges in both quarters. Analysts had expected 93 cents a share.
Merrill Lynch, down 1 7/16 at 70 15/16.
The brokerage firm reported fourth-quarter net earnings of 86 cents per diluted share, easily beating analysts’ estimates of 64 cents, but dropping 23 percent from $1.15 a year ago.