Bank of America, Pfizer Among Big Movers in the Stock Market

Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Bank of America Corp., down $1.18 at $48.85.

Bank of America said its third-quarter profit fell 32 percent as capital markets losses offset growth in other businesses, and the company doubled its loan-loss provisions.

Pfizer Inc., down 1 cent at $24.54.

The pharmaceutical company reported third-quarter profit plunged due to a $2.8 billion pretax charge to end investment in the inhaled insulin drug Exubera.

Washington Mutual Inc., down $2.55 at $30.52.

The nation's largest thrift reported quarterly profit plunged 72 percent. The company blamed the drop on sagging home prices, which made it harder for borrowers to pay their bills and hurt the value of the company's mortgage loan portfolio.

NASDAQ

E-Trade Financial Corp., down $1 at $11.47

The discount brokerage reported an unexpected loss because of its exposure to credit markets. The discount brokerage booked a $200 million write-down linked to mortgage-related investments.

Aspreva Pharmaceuticals Corp., up $3.11 at $25.61.

The Canadian drug maker said it will be bought by Galenica Holding SA, Switzerland's largest drug wholesaler, for $915 million.

Logitech International SA, up $6.77 at $36.26.

The computer mouse maker reported earnings that beat expectations, and raised its forecast for the year.