11:38 AM EDT, 10/16/2025 (MT Newswires) -- All three major US stock indexes were up in late-morning trading Thursday, as large-cap companies continue to report strong earnings figures.

In company news, Taiwan Semiconductor Manufacturing ( TSM ) , or TSMC, reported Q3 earnings Thursday of 87.22 New Taiwan dollars ($2.85) per diluted American depositary share, up from NT$62.72 a year earlier and above the FactSet consensus analyst estimate of NT$80.35. Third-quarter net revenue was NT$989.92 billion, up from NT$759.69 billion a year ago and above the FactSet consensus of NT$981.15 billion. For Q4, TSMC expects revenue of $32.2 billion to $33.4 billion, above the FactSet analyst estimate of $31.55 billion. TSMC shares were down 0.8% around midday.

Salesforce ( CRM ) said late Wednesday it is targeting over $60 billion in revenue by fiscal year 2030, excluding the impact from its deal with Informatica. Separately, Alphabet's (GOOG, GOOGL) Google ( GOOG ) and Salesforce ( CRM ) said Thursday they have expanded their partnership by bringing Google Gemini's artificial intelligence models to Salesforce's ( CRM ) Agentforce 360 Platform. Salesforce ( CRM ) also outlined a plan to repurchase another $7 billion worth of shares over the next six months. Salesforce ( CRM ) shares were up 4.4%, while those of Alphabet Class C and A shares were up 1.3% each.

Western Alliance Bancorp ( WAL ) said Thursday in a regulatory filing that it initiated a lawsuit against Cantor Group V in August, alleging fraud. The bank has a note finance revolving credit facility to Cantor Group that is secured by pledged commercial real estate loans and cash proceeds. Western Alliance alleges Cantor failed to "provide collateral loans in first position, among other claims," the filing said. Western Alliance shares were down 6.8%.

Charles Schwab ( SCHW ) reported Q3 adjusted earnings Thursday of $1.31 per diluted share, up from $0.77 a year earlier and above the FactSet consensus of $1.25. Third-quarter net revenue was $6.14 billion, up from $4.85 billion a year ago and above the FactSet consensus of $6.01 billion. Charles Schwab ( SCHW ) shares were up 0.8%.

Marsh & McLennan ( MMC ) reported Q3 adjusted EPS Thursday of $1.85 per share, up from $1.66 a year earlier. Third-quarter revenue was $6.35 billion, up from $5.70 billion a year ago and above the FactSet consensus of $6.32 billion. Marsh & McLennan ( MMC ) shares were down 6.1%.

Price: 301.75, Change: -2.96, Percent Change: -0.97