Stock Movers PNC Financial Rises, GE Vernova Up, HP Falls on Barclays Downgrade
Jan 16, 2026
Nora Melinda, a Markets correspondent for Bloomberg Television, shares insights on significant stock movements. PNC Financial's shares soar after a 9% revenue increase, driven by strong capital-markets fees. GE Vernova is expected to benefit from a new emergency electricity auction supported by state governors. In contrast, HP sees a decline after Barclays downgrades it, citing persistent challenges in PCs and printing. Tune in for a lively discussion on these market dynamics.
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PNC Revenue And Fee Growth
- PNC reported a 9% rise in fourth-quarter revenue that beat analyst expectations.
- Non-interest income grew 14%, led by a 41% surge in capital-markets and advisory fees to $489 million.
GE Vernova Beneficiary From Auction Push
- GE Vernova jumped after talks of an emergency wholesale electricity auction to spur new power plants.
- Analysts see GE Vernova as a clear beneficiary if tech companies are compelled to fund generation and T&D gets relief.
Barclays Downgrades HP Over Secular Challenges
- HP shares fell after Barclays downgraded the stock to underweight from equal-weight.
- Barclays cited secular challenges across PCs and printing and a lack of catalyst pressuring HP in 2026.