Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.

1. STOCK NEWS:

• Bank of America (BAC) reported upbeat Q4 earnings, saying investment banking had its best year ever [more]
• Morgan Stanley (MS) also reported upbeat quarterly results, with CEO James Gorman saying he doesn't expect to be the chief executive at the bank in five years [more]
• UCB agreed to acquire Zogenix (ZGNX) for $26 per share plus a CVR worth potentially $2 per share more [more]
• SoFi Technologies (SOFI) rose after receiving regulatory approval to become a national bank [more]
• Disney (DIS) created a new international content group to be led by Rebecca Campbell [more]

2. WALL STREET CALLS:

• Cisco (CSCO) downgraded to Neutral from Buy at Goldman Sachs [more]
• Las Vegas Sands (LVS) upgraded to Buy at UBS on new Macau gaming legislation [more]
• KeyBanc downgraded KB Home (KBH) and Lennar (LEN) to Underweight [more]
• Zimmer Biomet (ZBH) downgraded to Underweight from Overweight at Wells Fargo [more]
• Grocery Outlet (GO) downgraded to Underperform from Neutral at BofA [more]

3. AROUND THE WEB:

• Kohl's (KSS) has hired Goldman Sachs (GS) to assist with an activist campaign, The Deal reports [more]
• BHP (BHP) is eyeing its biggest rivals in a hunt for a "transformational deal," Bloomberg reports [more]
• Suncor (SU) is preparing to launch a formal process to sell Norway assets, Upstream says [more]
• Peloton (PTON) is considering laying off 41% of its sales and marketing staff, Business Insider says [more]
• Starbucks (SBUX) has suspended its vaccine-or-test requirement, Reuters reports [more]

4. MOVERS:

• Freyr Battery (FREY) advances in New York trading after announcing it has signed an agreement with Honeywell (HON) to collaborate on energy storage solutions [more]
• Take-Two (TTWO) higher after Exane BNP Paribas analyst Nicolas Langlet upgraded the stock to Outperform [more]
• Unilever (UL) gains in New York after saying it will not increase its offer for GSK Consumer Healthcare (GSK) above GBP50B [more]
• Plug Power (PLUG) declines after announcing FY22 revenue guidance [more]
• Citizens Financial (CFG) and State Street (STT) lower after reporting quarterly results [more]

5. EARNINGS/GUIDANCE:

• Procter & Gamble (PG) reported upbeat Q2 results [more]
• Fastenal (FAST) reported upbeat Q4 results [more]
• U.S. Bancorp (USB) reported downbeat Q4 earnings and revenue [more]
• UnitedHealth (UNH) reported upbeat Q4 results and reiterated FY22 guidance [more]
• Comerica (CMA) reported upbeat Q4 earnings [more]

INDEXES:

The Dow fell 339.82, or 0.96%, to 35,028.65, the Nasdaq lost 166.64, or 1.15%, to 14,340.26, and the S&P 500 declined 44.35, or 0.97%, to 4,532.76.