A UnitedHealth Group health insurance card is seen in a wallet, Oct.14, 2019.<\/p>\n
Lucy Nicholson | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Check out the companies making headlines in midday trading.<\/em><\/p>\n JPMorgan Chase<\/a><\/span><\/span><\/span> \u2014 Shares fell slightly even after the bank reported<\/a> stronger-than-expected results for the second quarter, as it benefited from higher interest rates and better-than-expected bond trading.<\/p>\n <\/img><\/p>\n <\/img><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Wells Fargo<\/a><\/span><\/span><\/span> \u2014 Wells Fargo shares rose slightly after the Wall Street firm topped second-quarter<\/a> expectations. The bank also said it anticipates higher-than-expected net interest income this year.<\/p>\n UnitedHealth<\/a><\/span><\/span><\/span> \u2014 The health-care giant popped nearly 7% after topping expectations for the second quarter on both the top and bottom lines. UnitedHealth also upped the lower end of its full-year guidance. Other health-care stocks rose in sympathy, with Cigna<\/a><\/span><\/span><\/span> and Elevance Health<\/a><\/span><\/span><\/span> last up more than 4% each.<\/p>\n Citigroup<\/a><\/span><\/span><\/span> \u2014 Shares of the New York-based lender fell 2% even after the firm reported second-quarter earnings<\/a> and revenue that topped expectations. Despite the beat, Citi’s revenue fell 1% from a year ago as the decline in markets and investment banking businesses weighed on its results.<\/p>\n JetBlue Airways<\/a><\/span><\/span><\/span>, American Airlines<\/a><\/span><\/span><\/span> \u2014 JetBlue Airways and American Airlines slid more than 2% each in midday trading. The two airlines are no longer selling<\/a> seats on each other’s flights after Thursday, following a court ruling in May that they end their more than two-year partnership.<\/p>\n Microsoft<\/a><\/span><\/span><\/span> \u2014 The software stock rose about 2% after UBS upgraded<\/a> it to a buy rating, saying its artificial intelligence opportunity and recent underperformance make it too attractive to ignore.<\/p>\n AT&T<\/a><\/span><\/span><\/span> \u2014 The telecommunications stock sank nearly 5% after JPMorgan downgraded<\/a> it to neutral from overweight, citing competition concerns. The Wall Street firm also said AT&T’s exposure to cable may limit the upside for shares.<\/p>\n State Street<\/a><\/span><\/span><\/span> \u2014 Shares slumped 9.5% after the financial giant’s second-quarter revenue of $3.11 billion missed analyst estimates of $3.14 billion, per Refinitiv. However, State Street beat on earnings, reporting earnings per share of $2.17, versus the $2.10 expected by analysts.<\/p>\n Blackrock<\/a><\/span><\/span><\/span> \u2014 Shares of the asset manager lost 2% after reporting second-quarter results. Earnings topped Wall Street’s expectations, but net inflows came up short and showed a decline.<\/p>\n Alcoa<\/a><\/span><\/span><\/span> \u2014 The aluminum stock fell 4.9% following a downgrade to neutral from overweight by JPMorgan. The firm said the stock could struggle as the price for the metal faces downward pressure.<\/p>\n Progressive<\/a><\/span><\/span><\/span> \u2014 Progressive shares lost 1.5% after Wells Fargo downgraded<\/a> the insurance company to equal weight from overweight, citing growth concerns.<\/p>\n Eli Lilly<\/a><\/span><\/span><\/span> \u2014 The pharmaceutical stock rose 3% in midday trading. Eli Lilly said it plans to acquire privately held obesity drug maker Versanis for $1.9 billion<\/a>.<\/p>\n \u2014 CNBC’s Yun Li, Alex Harring, Sarah Min and Michelle Fox contributed reporting.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":" A UnitedHealth Group health insurance card is seen in a wallet, Oct.14, 2019. Lucy Nicholson | Reuters Check out the companies making headlines in midday trading. JPMorgan Chase \u2014 Shares fell slightly even after the bank reported stronger-than-expected results for the second quarter, as it benefited from higher interest rates and better-than-expected bond trading. related…<\/p>\n","protected":false},"author":1,"featured_media":40939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-40938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nrelated investing news<\/h2>\n