Continental Resources, Bank of America, Apple and others

Check out the companies making headlines before the bell:

Continental Resources (CLR) – Chairman and founder Harold Hamm and his family will acquire shares of the energy producer they don’t already own for $74.28 per share. The transaction is not conditional on any financing and should be completed before the end of the year. Continental jumped 8.6% in premarket.

Bank of America (BAC) – Bank of America jumped 3.1% in premarket trading after beating upper and lower earnings estimates in its third-quarter earnings report. Results were boosted by an increase in net interest income.

Bank of NY Mellon (BK) – The bank’s stock rebounded 4.4% pre-market after better-than-expected third-quarter results. Net interest income jumped 44% from a year ago in the quarter.

News Corp. (NWSA), Fox Corp. (FOXA) – News Corp. gained 3.5% in premarket while Fox Corp. slipped 4.1%. Rupert Murdoch’s media companies have both formed special committees to consider recombining the two media companies, which separated in 2013.

Apple (AAPL) – Apple added 1.4% to the pre-market after Morgan Stanley named it a “top pick” for its ability to weather an economic downturn.

Metaplatforms (META) – Meta is not meeting its targets for its flagship metaverse product “Horizon Worlds”, according to internal documents seen by The Wall Street Journal. The product has less than 200,000 monthly active users, compared to an initial target of 500,000 by the end of this year and a revised year-end target of 280,000. Meta grew 1.6% pre-release .

Goldman Sachs (GS) – Goldman is considering consolidating its various businesses into three divisions in a major reorganization, according to people familiar with the matter who spoke to The Wall Street Journal. One unit will house investment banking and trading, asset and wealth management in another and transaction banking in a third division. Goldman added 1% in premarket trading.

Splunk (SPLK) – Splunk jumped 9.1% in the pre-market following a Wall Street Journal report that activist investor Starboard Value owns just under 5% stake in the software company .

Archaea Energy (LFG) – Shares of the natural gas producer soared 51.1% in premarket trading after agreeing to be acquired by BP (BP) for $26 per share. BP rose 2.2%.

Swiss credit (CS) – Credit Suisse rebounded 3.2% in premarket shares after the Financial Times reported the company was ready to sell parts of its Swiss national bank to raise capital.

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