Stocks making the biggest moves midday: JPMorgan Chase, Albertsons, Tesla, Beyond Meat, Delta and more
In this article WFC DAL BYND PNC HHC Follow your favorite stocks CREATE FREE ACCOUNT Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in New York, June 1, 2022. Mike Segar | Reuters Check out the companies making headlines in midday trading Friday. Albertsons — Shares of the Safeway owner dropped 7% on news that Kroger has agreed to purchase Albertsons in a deal valued at $24.6 billion, or $34.10 a share. Kroger 's shares slipped 4.8%. JPMorgan Chase — The bank gained 2.8% after topping estimates for the recent quarter. JPMorgan Chase said net interest income surged 34% to $17.6 billion in the period due to higher rates. Morgan Stanley — Morgan Stanley's stock slumped 4.6% after the bank posted weaker-than-expected third -quarter earnings . Revenue also fell short of expectations as a result of a decline in investment banking. Citigroup — Citigroup rose more than 1% afte...