Top Midday Stories: CPI Rises 3.7% YoY in September, Topping Estimates; BofA Shares Fall on Treasury Fine, Earnings Misses

MT newswire2026/10/14 15:37

By:MT newswire

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11:37 AM EDT, 10/14/2026 (MT Newswires) -- All three major US stock indexes were down after the latest batch of inflation data came in hotter than expected, sending Treasury yields upward. The US seasonally adjusted consumer price index rose by 0.6% in September, as expected in a survey compiled by Bloomberg as of 7:30 am ET and following a 0.4% gain in August, the Bureau of Labor Statistics said Wednesday. Core CPI, which excludes food and energy prices, rose by 0.3%, higher than the consensus estimate of 0.2% and matching August's rise. The year-over-year rates for overall and core CPI accelerated to 3.7% and 2.6%, respectively, topping estimates of 3.6% and 2.5%, respectively. In company news, The US Department of Treasury and the Office of the Comptroller of the Currency have imposed penalties of over $1.21 billion against Bank of America (BAC) for violations of anti-money laundering and sanctions rules, the Treasury Department said late Tuesday. Separately, Bank of America reported Q3 earnings Wednesday of $0.91 per diluted share, down from $1.04 a year earlier and below the FactSet consensus of $1.10. Third-quarter revenue was $29.96 billion, up from $29.04 billion a year ago but below the FactSet consensus of $30.58 billion. Bank of America shares were down 7.1% around midday. ASML Holding (ASML) reported fiscal Q3 net income Wednesday of 12.93 euros ($14.49) per diluted share, up from 5.48 euros a year earlier and above the FactSet consensus of 10.96 euros. Fiscal Q3 total net sales were 11.66 billion euros, up from 7.52 billion euros a year ago but below the FactSet consensus of 11.78 billion euros. For Q4, the company expects total net sales of 14.2 billion euros to 15.2 billion euros. Analysts expect 14.14 billion euros. For full-year 2026, ASML expects total net sales of 44 billion euros to 45 billion euros. Analysts expect 44.24 billion euros. ASML shares were down 0.8%. Berkshire Hathaway (BRK.A, BRK.B) is investing an additional $330 million in Bending Spoons (BSP), which brings its ownership stake in the technology company to 4%, Bending Spoons said Wednesday. Berkshire previously invested $600 million in the company at its initial public offering in July, it said. Berkshire's Class A and Class B shares were both flat, while Bending Spoons shares were up 40.8%. Morgan Stanley (MS) reported Q3 EPS Wednesday of $3.03, up from $2.80 a year earlier and above the FactSet consensus of $2.95. Net Q3 revenue was $20.34 billion, up from $18.22 billion a year ago and above the FactSet consensus of $19.93 billion. Morgan Stanley shares were down 3%. BlackRock (BLK) reported Q3 adjusted EPS Wednesday of $15.93, up from $11.55 a year earlier and above the FactSet consensus of $14.32. Third-quarter revenue was $7.75 billion, up from $6.51 billion a year ago and above the FactSet consensus of $7.42 billion. BlackRock shares were flat. Price: 1709.39, Change: -8.37, Percent Change: -0.49

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