Early equity trading on Wall Street saw sharp divergences as investors weighed third-quarter corporate earnings against fresh analyst ratings. BlackRock rallied after assets under management surged to a record $15.49 trillion, whereas Bank of America tumbled following a quarterly revenue miss and a $1.2 billion U.S.
Wall Street faced a split open as strong blue-chip earnings from UnitedHealth and major lenders lifted Dow futures, while sharp selloffs across memory chip makers like Micron pulled tech contracts lower ahead of crucial inflation data.
In a defining milestone for Bay Street, CIBC has underwritten the largest buyout financing package in its history. The landmark deal marks a high-stakes transition from domestic stability to aggressive international investment banking.
Camila Henry • Oct 12, 2026 • 4m read
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