Stocks making the biggest moves midday: UnitedHealth, JPMorgan Chase, Microsoft, JetBlue and more

Check retired the companies making headlines successful midday trading.

JPMorgan Chase — Shares fell somewhat adjacent aft the bank reported stronger-than-expected results for the 2nd quarter, arsenic it benefitted from higher involvement rates and better-than-expected bong trading.

Wells Fargo — Wells Fargo shares roseate somewhat aft the Wall Street steadfast topped second-quarter expectations. The slope besides said it anticipates higher-than-expected nett involvement income this year.

UnitedHealth — The wellness attraction elephantine popped astir 7% aft topping expectations for the 2nd 4th connected some the apical and bottommost lines. UnitedHealth besides upped the little extremity of its full-year guidance. Other wellness attraction stocks roseate successful sympathy, with Cigna and Elevance Health past up much than 4% each.

Citigroup — Shares of the New York-based lender fell 2% adjacent aft the steadfast reported second-quarter earnings and gross that topped expectations. Despite the beat, Citi's gross fell 1% from a twelvemonth agone arsenic the diminution successful markets and concern banking businesses weighed connected its results.

JetBlue Airways, American Airlines — JetBlue Airways and American Airlines slid much than 2% each successful midday trading. The 2 airlines are no longer selling seats connected each other's flights aft Thursday, pursuing a tribunal ruling successful May that they extremity their much than two-year partnership.

Microsoft — The bundle banal roseate astir 2% aft UBS upgraded it to a bargain rating, saying its artificial quality accidental and caller underperformance marque it excessively charismatic to ignore.

AT&T — The telecom banal sank astir 5% aft JPMorgan downgraded it to neutral from overweight, citing contention concerns. The Wall Street steadfast besides said AT&T's vulnerability to cablegram whitethorn bounds the upside for shares.

State Street — Shares slumped 9.5% aft the fiscal giant's second-quarter gross of $3.11 cardinal missed expert estimates of $3.14 billion, per Refinitiv. However, State Street bushed connected earnings, reporting net per stock of $2.17, versus the $2.10 expected by analysts.

Blackrock — Shares of the plus manager mislaid 2% aft reporting second-quarter results. Earnings topped Wall Street's expectations, but nett inflows came up short, and showed a decline.

Alcoa — The aluminum banal fell 4.9% pursuing a downgrade to neutral from overweight by JPMorgan. The steadfast said the banal could conflict arsenic the terms for the metallic faces downward pressure.

Progressive — Progressive shares mislaid 1.5% aft Wells Fargo downgraded the security institution to adjacent value from overweight, citing maturation concerns.

Eli Lilly — The pharmaceutical banal roseate 3% successful midday trading. Eli Lilly said it plans to get privately-held obesity cause shaper Versanis for $1.9 billion.

— CNBC's Yun Li, Alex Harring, Sarah Min and Michelle Fox contributed reporting