Stocks making the biggest moves premarket: Credit Suisse, Lennar, PacWest & more
cnbc.comIn this article Check out the companies making headlines before the bell. Credit Suisse — Shares of Credit Suisse were down 21.5% after the firm's biggest backer, Saudi National Bank, said it won't provide it with further financial help.
Credit Suisse and several other European banks, including Societe Generale, Italy's Monte dei Paschi and UniCredit, were halted from trading as prices plummeted.
Bank of America, Morgan Stanley, Wells Fargo — Shares of larger financials were in lower early Wednesday as the Credit Suisse tumble sent ripples across the global banking sector.
Bank of America lost 2.9%, Morgan Stanley dropped 3.2% and Wells Fargo declined by nearly 4.2%. Lennar — Shares of the homebuilder rose more than 1% in premarket trading after Lennar beat estimates on the top and bottom lines for its fiscal first quarter.
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