Morgan Stanley (MS) stock climbed in premarket trading after the bank's Q3 earnings beat consensus as markets and underwriting businesses drove a surge in investment banking revenue.

Large U.S. banks exceeded earnings expectations, but they also set aside more for potential credit losses. Here are three takeaways from the latest round of big bank earnings.

Bank of America's stock was up 1.4% after third-quarter earnings showed a profit beat that offset a decline in net interest income, and buyers were snapping up its outstanding bonds as spreads narrowed to their tightest levels of the year.

Computer chip equipment maker ASML forecast on Tuesday lower than expected 2025 sales and bookings on sustained weakness in parts of the semiconductor market, pushing its shares to their biggest one-day drop since 1998.

ASML Holding (AS:ASML) shares plunged more than 15.6% Tuesday after the semiconductor equipment maker reported third-quarter results that fell short of analyst expectations, while its guidance disappointed investors.

ASML (NASDAQ:ASML) stock tumbled 14% on Tuesday after Bloomberg News reported the company's third-quarter bookings missed estimates. The Dutch company — which makes extreme ultraviolet lithography machines — is slated to release its third-quarter results on Wednesday.