The headquarters of JP Morgan Chase & Co. , The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York.
Tim Clayton – Corbis | Corbis Sport | Getty Images
Check out which companies are making the headlines in midday trading.
c. B. Morgan Chase Shares fell 3.5% at the start of the year JP Morgan Chase mentioned $524 million was affected by market disruptions caused by sanctions imposed on Russia due to the war in Ukraine. The bank reported better-than-expected profits and returns in the first quarter, but profits were down 42% from a year earlier.
Delta Airlines Airlines stock rose 4.6%. Delta expected profit return in the current quarter. Delta posted a lower-than-expected loss per share in the first quarter of the fiscal year and beat the agreed revenue forecast.
American Airlines Shares of other travel companies jumped after the Delta report. American Airlines shares jumped 9.5 percent, Southwest Airlines jumped 6.8 percent, and Norwegian Cruise Line jumped 5.9 percent.
PayPal CollectiblesAnd Walmart – Wal-Mart on Tuesday after the bell announced that it has appointed John Rainey as PayPal’s chief financial officer. Rainey will replace Brett Biggs, who has been the chief financial officer since 2015. PayPal is down about 4%, while Walmart shares are up about 2%.
link Stocks rose 1.8% after a stronger-than-expected quarterly earnings report. The company reported earnings of 47 cents per share on revenue of $1.7 billion. Analysts polled by Refinitiv expected earnings of 45 cents per share on revenue of $1.69 billion.
Charles Schwab – The brokerage firm advanced 3.4% after Morgan Stanley He called it ‘best choice’. He said higher interest rates would boost the stock. The company’s target price on BlackRock indicates an uptrend of about 65%.
Warner Brothers Discovery – Shares rose 7.7% after Bank of America began buying shares. The company said the merger of the two media companies creates “strength”.
the difference Retail stock rose 9.5% after a report by Activist Insight forecast the company as a potential target for activists. CNBC has not confirmed the report.
CNBC’s Samantha Soobin and Tanya Machel contributed to this report.