Check out the companies making headlines after the bell:
Shares of several major financial firms rose in extended trading after news that they had passed the Federal Reserve’s stress test and were increasing dividends.
Bank of America rose 1.9%, and BNY Mellon added 1.4%. Citigroup rose 1.6%, and JP Morgan Chase gained around 1.8%.
Goldman Sachs rose more than 2.5% after increasing its dividend by nearly 50%.
Shares of Apple fell as much as 1% after the company announced that Chief Design Officer Jony Ive is leaving to start his own company. The tech giant said it will be a client of Ive’s new independent design company.
Ive was responsible for the iconic design of flagship Apple products, including the iPhone and Mac.
Shares of Nike swung in extended trading, falling roughly 4.5% before rebounding to trade in the green. The apparel company reported mixed earnings for its fiscal fourth quarter, posting earnings of 62 cents per share on revenue of $10.18 billion, while Wall Street had expected earnings of 66 cents per share on revenue of $10.16 billion, according to Refinitiv consensus estimates.
