JPMorgan, Delta Airlines, PayPal

JPMorgan Chase & Co. is headquartered in Park Avenue, Midtown, Manhattan, JPMorgan Chase Tower, New York.

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Check out the companies that made headlines in the midday transaction.

JPMorgan Chase – JPMorgan Chase reported $ 524 million hits from market displacement due to sanctions against Russia over the war in Ukraine, shares fell 3.5%. The bank posted better-than-expected earnings and revenue in the first quarter, but profits fell 42% year-on-year.

Delta Airlines – Airline stock rose 4.6% as Delta forecasts a return to profit in the current quarter. Delta posted a narrow-expected loss per share in its first financial quarter and beat unanimous revenue expectations.

American Airlines – Other travel stocks jumped after the Delta report. American Airlines jumped 9.5%, Southwest Airlines jumped 6.8%, and Norwegian Cruise Lines added 5.9%.

PayPal Holdings, Walmart – Walmart has hired John Payne, PayPal’s chief financial officer, after announcing the bell on Tuesday. Rainey will replace Brett Biggs, who has been CFO since 2015. PayPal is down about 4%, while Walmart shares are up about 2%.

FASTENAL – Shares rose 1.8% after strengthening on expected quarterly earnings reports. The company earned 47 cents per share on its 1.7 billion earnings. Analysts surveyed by Refinitiv expected a profit of 45 cents per share on earnings of $ 1.69 billion.

Charles Schwab – The brokerage company rose 3.4% while Morgan Stanley called it a “top pick” and said a rising rate would boost the stock. The firm’s price target on BlackRock indicates a rise of about 65%.

Warner Bros. Discovery – Bank of America shares rose 7.7% after launching media stocks with ratings. The agency said the merger of the two media outlets created a “powerhouse”.

Gap – Retail stock rose 9.5% after Activist Insight reported that the company could be a potential activist target. CNBC did not confirm the report.

– CNBC’s Samantha Subin and Tanya Machel contributed to the report.

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