MORNING NEWS CALL

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U.S. Edlllon Frtcloy. 211,2021

TOP NEWS
• Chevron posts highest profit in eight years on surging oil, gas prices
Chevron posted its highest quarterly profit in eight years, thanks to surging oil and gas prices and a recovery in
motor fuel demand that boosted refining margins.

• Meta Platforms shares rise as Facebook rebrands to focus on metaverse

Shares of Meta Platforms rose marginally in premarket trading after social media giant Facebook rebranded itself
to build the "metaverse", a shared virtual environment.

• Apple results hit by supply chain woes, Cook says holiday quarter impact will be worse
Supply chain woes cost Apple $6 billion in sales during the company's fiscal fourth quarter, which missed Wall
Street expectations, and Chief Executive Tim Cook said that the impact will be even worse during the current
holiday sales quarter.

• Amazon's holiday-quarter forecast disappoints as labor, supply issues mount

Amazon.com on Thursday reported a slump in profit that it expects will continue through the holiday quarter, as
higher pay to attract workers and other operational disruptions diminish the company's windfall from online
shopping.

• Third Point set to play long game in pressuring Shell

When investors saw Daniel Loeb's Third Point unveil a stake in Royal Dutch Shell, some were quick to make the
comparison to Exxon Mobil, whose board was challenged this year by another hedge fund, Engine No.1.

BEFORE THE BELL

Wall Street futures were lower as results from mega-cap firms Apple and Amazon reignited concerns of labor and
supply shortages that have been at the forefront of this quarterly earnings season. Asian indexes ended lower
and European shares were also trading in the red. The Euro slipped against the dollar a day after the European
Central Bank struck a dovish note at a policy meeting while gold prices fell. Oil rose as expectations OPEC and its
allies will keep supply tight countered rising U.S. inventories and the prospect of more Iranian exports.

STOCKS TO WATCH

Results
• Amazon.com Inc: The company on Thursday reported a slump in profit that it expects will continue through the
holiday quarter, as higher pay to attract workers and other operational disruptions diminish the company's windfall

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from online shopping. In the just-ended third quarter, net income fell by about 50% to $3.16 billion, a first since the
start of the coronavirus pandemic in the United States. The company forecast fourth-quarter sales to be between
$130 billion and $140 billion. It missed expectations for third-quarter sales as well, witnessing its slowest growth
since the COVID-19 outbreak. Amazon's cloud computing division was a bright spot. Revenue growth re-
accelerated for that business, and the company beat analysts' expectations with net sales of $16.1 billion in the
quarter. Amazon's total net sales rose to $110.8 billion in the third quarter; analysts had predicted $111.6 billion.

• Apple Inc: Supply chain woes cost Apple $6 billion in sales during the company's fiscal fourth quarter, which
missed Wall Street expectations, and Chief Executive Tim Cook said that the impact will be even worse during the
current holiday sales quarter. Apple said revenues and profits for the fiscal fourth quarter were $83.4 billion and
$1.24 per share, compared with analyst estimates of $84.8 billion and $1.24 per share. Apple said fourth-quarter
iPhone sales were $38.9 billion, short of estimates of $41.5 billion. The company's accessories segment, which
contains fast-growing categories like its AirPods wireless headphones, came in at $8.8 billion, half a billion dollars
lower than analyst expectations of $9.3 billion. Other segments fared better. Sales for iPads and Macs were $8.3
billion and $9.2 billion, compared with analyst estimates of $7.2 billion and $9.2 billion

• Banco Bilbao Vizcaya Argentaria SA: The Spanish bank's third-quarter net profit rose 22.7% on lower loan-
loss provisions and a strong performance from Mexico, its main market, which offset pressure on lending income
in Spain. The company also said its board had agreed a share buyback programme of up to 10% of its capital for
up to 3.5 billion euros, which it expects to execute in 12 months. BBVA reported a net profit of 1.4 billion euros in
the July to September period. Overall, net interest income, a measure of earnings on loans minus deposit costs,
rose 5.6% to 3.75 billion euros, above the 3.6 billion euros forecast by analysts. Net profit in Mexico, which
accounts for more than 40% of profits, rose 24.5% in the quarter against the same quarter a year ago, while NII
rose 14.4%.

• Chevron Corp: The company posted its highest quarterly profit in eight years on surging oil and gas prices and
as a recovery in motor fuel demand that boosted refining margins. The company posted net income of $6.11
billion, compared with a loss of $207 million a year ago on sales of oil that fetched nearly twice as much as a year
ago and U.S. produced gas that sold for three times as much. Adjusted earnings per share of $2.96 handily
exceeded Wall Street's profit estimate of $2.21 per share. Cash flow from operations, a closely watched measure,
was $8.5 billion in the quarter, "the best ever reported by the company,” Chief Executive Michael Wirth said in a
statement. Overall production inched higher on the firm's acquisition of Noble Energy and more production from
OPEC partners, Wirth said.

• Eni SpA: The Italian energy group Eni beat expectations with a third-quarter profit that jumped back to pre-
COVID levels boosted by higher gas prices. The group swung to an adjusted net profit of 1.43 billion euros from a
153 million euro loss a year earlier and beat a 1.08 billion euro consensus forecast. Oil and gas production grew
6% on the second quarter to 1.688 million barrels of oil equivalent per day (mboe/d) and the group said it expected
output in the final three months to reach 1.76 mboe/d. Last year Eni launched an overhaul to shift into renewables
and reduce its oil and gas output as it looks to become carbon neutral by 2050. It recently created a new division
comprising renewable energy and retail and plans to list a minority stake in the company to help fund its green
drive.

• Gilead Sciences Inc: The drugmaker on Thursday posted higher-than-expected third-quarter earnings on strong
demand for its COVID-19 antiviral treatment, but said 2021 sales of its other drugs will fall short of earlier
estimates. Without Veklury, also known as remdesivir, Gilead said it now expects sales for the full year of around
$21.5 billion. Gilead reported adjusted quarterly earnings of $2.65 per share, soundly beating Wall Street
estimates of $1.75 per share. Revenue for the quarter rose 13% from a year earlier to $7.4 billion, ahead of the
average analyst estimate of $6.26 billion. Gilead raised its full-year adjusted earnings forecast to $7.90 to $8.10
per share from its prior projection of $6.90 to $7.25. Including Veklury, the company said it now expects product
sales for the year of $26 billion to $26.3 billion, up from a previous estimate of $24.4 billion to $25 billion.

• NatWest Group PLC: Britain's biggest business bank's profit tripled in the third quarter as Britain's resurgent
economy buoyed its finances, but its margins contracted in a sign of potentially tougher times ahead. State-backed
NatWest reported a pre-tax profit for the July-September period of 1.1 billion pounds, up from 355 million pounds a
year ago. The profit came despite a 294 million pound litigation and conduct charge, which includes a provision for
a fine after NatWest pleaded guilty this month to failing to prevent money laundering. A contraction in its net
interest margin to 1.54%, from 1.65% a year ago, shows how rock-bottom central bank rates have squeezed the
income it can make from lending, leaving it reliant on hoped-for benchmark rate hikes.

• Nomura Holdings Inc: Japan's biggest brokerage and investment bank saw second-quarter net profit almost
wiped out due to a one-off loss from transactions completed more than a decade ago. It booked a charge of about

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39 billion yen that it said was related to legacy transactions in the United States from before the global financial
crisis in 2007 and 2008. The loss follows a $2.9 billion hit from the collapse of U.S. investment fund Archegos -
news of which emerged in March. July-September profit came in far below forecasts at 3.2 billion yen, down 95%
from a year earlier. Pretax income for Nomura's wholesale business, which houses its trading and investment
banking division, dropped 62% to 25 billion yen for the same period a year earlier.

• Starbucks Corp: The coffee chain missed market estimates for quarterly same-store sales on Thursday, as a
COVID-19 resurgence in China closed stores in several major cities and overshadowed a strong performance by
its U.S. business. The coffee chain posted a 7% decline in China comparable sales in its fourth quarter, missing its
forecast of roughly flat growth and offsetting a 22% jump in the United States. The company forecast global
comparable sales growth in the high single digits in its current fiscal year 2022. The company said it would open
2,000 net new locations globally in fiscal 2022 versus 1,173 in 2021, about 75% of them outside of the United
States. Global comparable sales rose 17% in the quarter ended Oct. 3, compared with analysts' average estimate
of 18.5% growth. Starbucks earned $1 per share on an adjusted basis - narrowly beating estimates of 99 cents.

• Vale SA: The Brazilian miner reported on Thursday a third-quarter net profit of $3.9 billion, significantly below
analysts' forecasts of $6.2 billion, due to lower iron ore prices and an impairment at its coal business. While Vale's
net income fell by almost half from the previous quarter, it surged 34% when compared with a year-ago period.
Vale, one of the world's biggest iron ore miners, said its quarterly numbers were dented by iron ore prices that
plunged 31% in the reported period, as well as a labor disruption at its Sudbury nickel mine in Canada that led to a
hit in production. The miner said it had an impairment charge in its coal business that totaled almost $2 billion, but
did not give further details. The company reported adjusted earnings before interest, taxes, depreciation, and
amortization (EBITDA) of $6.9 billion.

Deals of the Day

• Ecolab Inc: The hygiene company on Thursday agreed to buy Purolite, whose technology can be used in mRNA
vaccine purification, in a $3.7 billion all-cash deal to add weight to its pharmaceutical-focused business. The deal
helps Ecolabs expand into a field that has gained prominence due to the successful development of messenger-
RNA (mRNA) based vaccines for COVID-19 by Pfizer and Moderna. Privately held Purolite's resin-based
technology can also be used in the purification of monoclonal antibodies intended to treat cancer. The company
would report results within Ecolab's life sciences business, which provides a range of cleaning products and
technical services used in pharmaceutical production. The acquisition, expected to close this year, would also help
Ecolab grow in the water purification, food and beverage processing and metal extraction businesses. It would add
to the company's earnings in 2023.

• Zendesk Inc & Momentive Global Inc: Software services company Zendesk said on Thursday it would buy
Momentive Global, owner of the popular SurveyMonkey platform for nearly $4 billion in an all-stock deal.
Momentive shareholders will receive 0.225 shares of Zendesk's stock for each share of Momentive stock they
own, which implied a value of about $28 per share at the time of the announcement. "We have a big overlap in
customers. It's incredibly powerful. And we believe that it will create a whole new, richer picture of your
customers," Mikkel Svane, chief executive at Zendesk told investors on Thursday. The deal is expected to close in
the first half of 2022, pending approvals from Zendesk and Momentive shareholders. It expects the deal with
Momentive to accelerate its revenue plan to $3.5 billion in 2024, one year ahead of its previous target.

In Other News
• Amazon.com Inc: Labor shortages have cut into Amazon.com's plan to make one-day delivery standard for
members of its Prime loyalty club, delaying its bid to cement its lead in e-commerce and sending costs surging
ahead of the all-important holiday season. The comments from the world's biggest online retailer come as staffing
emerges as a significant pain point for U.S. retailers, already battling supply-chain snarls, product shortages, rising
inflation and rocketing transportation costs. Seattle-based Amazon said it anticipates $4 billion in additional labor
and related expenses during the fourth quarter, amid pandemic-fueled shortages that made it harder to hire
warehouse workers and drivers, and forcing it to route packages to out-of-the-way warehouses with sufficient
staffing. As shoppers resume spending on entertainment and travel, Amazon is grappling with stiff competition not
only for share of wallet, but for employees.

• Apple Inc: The company posted a staggering 83% annual sales growth in China in its fiscal fourth quarter,
remaining the phone of choice for big spenders in the world's second-largest economy after Huawei's troubles.
That was up sharply from a 28.5% annual rise in sales a year ago, which did not include the sale of Apple's first
5G enabled smartphone iPhone 12. The jump also easily outstripped the 29% overall sales growth at Apple, which
said on Thursday that production took a drubbing due to the ongoing global chip crisis and supply chain
bottlenecks in Southeast Asia. Most of Apple's competition in China now comes from Chinese phone maker
Honor, a brand that Huawei sold earlier this year after it was hit by U.S. sanctions that prevented it from sourcing

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chips.

• Alphabet Inc & Meta Platforms Inc: Australia's competition regulator allowed a body representing 261 radio
stations to negotiate a content deal with Facebook and Google, as part of the country's new law to compel the tech
giants to pay for news content. The body, Commercial Radio Australia (CRA), will now have 10 years to negotiate
with the tech giants for its members except the stations run by Nine Entertainment who had already secured deals,
the Australian Competition and Consumer Commission (ACCC) said. Facebook and Alphabet's Google have been
required since March to negotiate with Australian outlets for content that drives traffic and advertising to their
websites. If they don't, the government may take over the negotiation. It, however, hasn't been smooth sailing, with
some publishers being left out and in September and Facebook saying it stopped negotiating licensing deals.

• Coca-Cola Co: The company is nearing a deal to buy a controlling stake in sports drink maker BodyArmor,
valuing it at about $8 billion, Bloomberg News reported on Thursday, citing people with knowledge of the matter.
Coca-Cola bought a minority stake in BodyArmor in 2018, becoming the brand's second largest shareholder. Coca
-Cola has been streamlining its products in recent months to focus on its fast-moving beverages as consumers
pick up more of its traditional sodas and flavoured sparkling waters as they come out of the pandemic. The
beverage giant discontinued its own Coca-Cola Energy drink in North America in May, but retained its majority
stake in Monster Beverage, one of the top energy drink makers in the United States.

• Exxon Mobil Corp: The company on Thursday sent a message to hundreds of union workers locked out of their
jobs at its Beaumont, Texas, refinery saying that pay is greater at non-union sites. "We are not allowed to make
promises, and we will not do so. We can report that non-represented employees at comparable sites are paid 5%
to 7% more and have similar benefits," Exxon said in the message called a "decertification update." The message
comes about two weeks before the 585 locked-out workers begin voting on removing United Steelworkers (USW)
union Local 13-243 from the 369,000 barrel-per-day (bpd) refinery and adjoining lubricant oil plant. The workers
are scheduled to vote by mail between Nov. 12 and Dec. 22 in a decertification election overseen by the U.S.
National Labor Relations Board that, if successful, will remove the USW.

• Full Truck Alliance Co Ltd: The Chinese company is preparing a dual primary listing in Hong Kong in 2022 that
could raise about $1 billion, said three sources with knowledge of the matter, joining a wave of share sales in the
city by U.S.-listed Chinese companies. Full Truck, which styles itself as the "Uber for trucks", raised nearly $1.6
billion in its New York initial public offering in June, making it the second-largest U.S. listing of a Chinese company
this year. The company, known as Manbang in China, seeks to launch the Hong Kong float as soon as early next
year, said the people. The fundraising target is dependent on market conditions and the trading of its American
depositary shares (ADS) at the time, one of the sources added.

• Grail Inc & Illumina Inc: The European Commission said it had taken interim measures following life science
company Illumina's early acquisition of cancer detection test maker Grail, including an order that Grail be kept
separate. Illumina had announced that it had completed its acquisition of Grail even though the Commission had
not completed its investigation into the merger. That review is currently set to run until Feb. 4. The EU order is the
first imposition of interim measures following an unprecedented early implementation of a takeover, the
Commission said. The measures provide that Grail be kept separate from Illumina and run by independent
managers, that the two companies do not share confidential information, the interactions be kept at arms length
and that Grail work on alternative options in case the Commission rejected the merger. The companies can be
fined if they do not comply.

• Meta Materials Inc: Facebook may have unveiled its new identity at a glitzy event on Thursday, but shares of a
lesser-known Canadian industrial materials company surged in an apparent case of mistaken identity. As
Facebook metamorphosed into Meta, shares of Halifax, Nova Scotia-based Meta Materials jumped in after-hours
trading on the Nasdaq. Meta Materials' stock has already been a favorite among retail investors using Reddit and
social media, recording sharp moves and wild swings in recent months. It had hit an all-time high of nearly $22 in
June. The company, which specializes in designing materials used in a variety of industries like consumer
electronics and aerospace, has a market value of $1.3 billion.

• Meta Platforms Inc: Shares of the company rose marginally in premarket trading after social media giant
Facebook rebranded itself to build the "metaverse", a shared virtual environment. Analysts expect the metaverse
platform to create a better experience for consumers using augmented and virtual reality technology - from
developing video games to using smart-eye glasses. J.P.Morgan analyst Doug Anmuth said while game creators
are early adopters of this platform, there is potential for virtual fitness, workplace, education and others to join the
bandwagon. "Similar to its current strategy with FB Family, we believe the company plans to charge minimal fees
over time to maximize the creator economy," Anmuth added.

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• Novavax Inc & Takeda Pharmaceutical Co: Takeda, the Japanese partner for Novavax's COVID-19 vaccine, is
preparing to seek regulatory approval for a roll out in Japan early next year, its top executive said. Novavax
delayed filing for U.S. approval to the end of this year, and Politico reported this month that the Maryland-based
company has faced production and quality problems. The drugmaker filed to British regulators on Wednesday.
Takeda is setting up to make the vaccines "as soon as the product is approved," Takeda CEO Christophe Weber
said in an interview. Takeda has said it can make 250 million doses of Novavax's protein-based vaccine at its
Hikari plant in western Japan, and has contracted to sell 150 million to the Japanese government.

• Petroleo Brasileiro SA Petrobras: Brazilian President Jair Bolsonaro said on Thursday that the state-run oil
company should play a greater social role and make less profit, amid rising tension over fuel prices that are stoking
inflation and hurting Brazil's poorest. "It should be a company that makes a profit that isn't so high as it has been
lately," Bolsonaro said of the company known formally as Petroleo Brasileiro SA during a weekly live broadcast on
social media. As Brazil's main importer and producer of fuel, Petrobras effectively controls domestic prices for
diesel and gasoline. Past governments have forced the company to take huge losses in order to keep prices at the
pump artificially low. Petrobras has insisted that it will continue to price fuel according to international levels.
Bolsonaro said he would seek to alter the company's fuel pricing policy.

• Toyota Motor Corp: The world's top-selling carmaker disclosed the driving range and other specifications of its
bZ4X sport utility vehicle (SUV), the first in a series of EV-only models it plans to launch globally to catch up in the
zero-emissions market. Toyota did not announce a price range or sales target for the bZ4X but said joint
development and procurement of core components with affiliate Subaru would help rein in the normally high cost
of producing BEVs. The model would also initially be built on a mixed line with gasoline-engine cars, both in Japan
and China. It will be sold in Japan, North America, China and Europe starting in mid-2022, the company said. The
car will be offered in front-wheel and four-wheel drive versions, with a driving range of about 500 km for the former.

• Unilever PLC: New York's $268 billion state pension fund on Thursday became the latest to restrict its holdings
in Unilever in response to sales limits imposed by the company's Ben & Jerry's ice cream brand in the Israeli-
occupied Palestinian territories. The New York State Common Retirement Fund has total Unilever equity of $111
million, the spokesman said. The fund is the third-largest U.S. public pension fund. Pension officials in other states
including New Jersey, Arizona and Florida have also moved to sell shares in Unilever or restricted the purchase of
new stock for similar reasons. Unilever had said the decision was made by Ben & Jerry's independent social
mission board, and said it does not support the BDS movement.

GRAPHIC
Detroit's chip woes drag on U.S. economic growth
The U.S. auto sector's production slump this year is more than a big minus for Detroit - it's a major drag on the
entire economy.

ANALYSTS' RECOMMENDATION
• Comcast Corp: JP Morgan cuts target price to $64 from $68, citing the company's slowing broadband growth.

• Caterpillar Inc: Credit Suisse raises target price to $240 from $239, reflecting the company's better-than-
expected third-quarter results.

• Kellogg Co: Piper Sandler cuts target price to $66 from $67, expecting near-term costs as the company faces
1,400 striking workers at its U.S. cereal plants.

• KBR Inc: D.A. Davidson raises target price to $48 from $40, citing the company's strong third-quarter results.

• Stryker Corp: BTIG cuts target price to $280 from $284, reflecting the company's weaker-than-expected third-
quarter results.

ECONOMIC EVENTS (All timings in U.S. Eastern Time)

0830 (approx.) Personal income mm for Sept: Expected -0.2%; Prior 0.2%
0830 (approx.) Personal consumption real mm for Sept: Prior 0.4%
0830 (approx.) Consumption, adjusted mm for Sept: Expected 0.5%; Prior 0.8%
0830 (approx.) Core PCE price index mm for Sept: Expected 0.2%; Prior 0.3%
0830 (approx.) Core PCE price index yy for Sept: Expected 3.7%; Prior 3.6%
0830 (approx.) PCE price index mm for Sept: Prior 0.4%

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0830 (approx.) PCE price index yy for Sept: Prior 4.3%

0830 (approx.) Employment wages qq for Q3: Prior 0.9%
0830 (approx.) Employment benefits qq for Q3: Prior 0.4%
0830 (approx.) Employment costs for Q3: Expected 0.9%; Prior 0.7%
0945 (approx.) Chicago PMI for Oct: Expected 63.5; Prior 64.7
1000 U Mich Sentiment Final for Oct: Expected 71.4; Prior 71.4
1000 (approx.) U Mich Conditions Final for Oct: Prior 77.9
1000 (approx.) U Mich Expectations Final for Oct: Prior 67.2
1000 (approx.) U Mich 1 year inflation final for Oct: Prior 4.8%
1000 (approx.) U Mich 5-year inflation final for Oct: Prior 2.8%
1200 (approx.) Dallas fed PCE for Sept: Prior 2.8%

COMPANIES REPORTING RESULTS

Abbvie Inc: Expected Q3 earnings of $3.22 per share
Cerner Corp: Expected Q3 earnings of 82 cents per share
Exxon Mobil Corp: Expected Q3 earnings of $1.56 per share
Royal Caribbean Cruises Ltd: Expected Q3 loss of $4.41 per share
W W Grainger Inc: Expected Q3 earnings of $5.30 per share
Weyerhaeuser Co: Expected Q3 earnings of 57 cents per share

CORPORATE EVENTS (All timings in U.S. Eastern Time)

0800 Booz Allen Hamilton Holding Corp: Q2 earnings conference call
0800 Eastman Chemical Co: Q3 earnings conference call
0830 agilon health Inc: Q3 earnings conference call
0830 Aon PLC: Q3 earnings conference call
0830 Cboe Global Markets Inc: Q3 earnings conference call
0830 Charter Communications Inc: Q3 earnings conference call
0830 Colgate-Palmolive Co: Q3 earnings conference call
0830 L3harris Technologies Inc: Q3 earnings conference call
0830 United States Steel Corp: Q3 earnings conference call
0900 Abbvie Inc: Q3 earnings conference call
0900 Acadia Healthcare Company Inc: Q3 earnings conference call
0900 Aptargroup Inc: Q3 earnings conference call
0900 Cerner Corp: Q3 earnings conference call
0900 Hartford Financial Services Group Inc: Q3 earnings conference call
0930 Exxon Mobil Corp: Q3 earnings conference call
1000 Chemed Corp: Q3 earnings conference call
1000 Church & Dwight Co Inc: Q3 earnings conference call
1000 Cousins Properties Inc: Q3 earnings conference call
1000 Erie Indemnity Co: Q3 earnings conference call
1000 FirstEnergy Corp: Q3 earnings conference call
1000 Gaming and Leisure Properties Inc: Q3 earnings conference call
1000 Huntsman Corp: Q3 earnings conference call
1000 Royal Caribbean Cruises Ltd: Q3 earnings conference call
1000 STAG Industrial Inc: Q3 earnings conference call
1000 VICI Properties Inc: Shareholders Meeting
1000 Weyerhaeuser Co: Q3 earnings conference call
1000 WP Carey Inc: Q3 earnings conference call
1100 Balchem Corp: Q3 earnings conference call
1100 Camden Property Trust: Q3 earnings conference call
1100 Chevron Corp: Q3 earnings conference call
1100 LyondellBasell Industries NV: Q3 earnings conference call
1100 Mohawk Industries Inc: Q3 earnings conference call
1100 Newell Brands Inc: Q3 earnings conference call
1100 Shell Midstream Partners LP: Q3 earnings conference call
1100 W W Grainger Inc: Q3 earnings conference call
1200 Phillips 66: Q3 earnings conference call
1300 PS Business Parks Inc: Q3 earnings conference call

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EX-DIVIDENDS
Ally Financial Inc: Amount $0.25
Aon PLC: Amount $0.51
Bank of New York Mellon Corp: Amount $0.34
Blackstone Inc: Amount $1.09
Caseys General Stores Inc: Amount $0.35
Celanese Corp: Amount $0.68
Citigroup Inc: Amount $0.51
Conagra Brands Inc: Amount $0.31
East West Bancorp Inc: Amount $0.33
Hasbro Inc: Amount $0.68
Kinder Morgan Inc: Amount $0.27
NRG Energy Inc: Amount $0.32
ONEOK Inc: Amount $0.93
Paychex Inc: Amount $0.66
People's United Financial Inc: Amount $0.18
Sterling Bancorp: Amount $0.07
Synchrony Financial: Amount $0.22
Texas Instruments Inc: Amount $1.15

(All analysts' estimates are according to I/B/E/S Refinitiv data)

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PICTURE OF THE DAY

A man stands in front of a sign of Meta, the new name for the company formerly known as Facebook, at its headquarters in Menlo
Park, California, October 28. REUTERS/Carlos Barria

The Financial and Risk business of Thomson Reuters is now Refinitiv. © 2021 Refinitiv. All rights reserved.

(Compiled by Nachiket Tekawade and Haneyl Jacob in Bengaluru) Refinitiv

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