Stocks making the biggest moves midday: Globe Life, JPMorgan, Zoetis, Wells Fargo and more

Check out the companies making headlines in midday trading. JPMorgan — The bank fell 5% after disclosing that its net interest income level could fall short of Wall Street analysts' expectations in 2024, despite beating both top- and bottom-line estimates in its last quarter. CEO Jamie Dimon also underscored the danger of inflationary pressures. Wells Fargo — Shares of the bank inched lower by less than 1% after it reported a decline in net interest income during the first quarter.

The slide was induced by a report from Fuzzy Panda Research , where the firm disclosed a short position in the stock and made allegations of insurance fraud. Paramount — The entertainment company slipped nearly 2% after disclosing plans to reduce its board to seven directors from 11. Paramount is currently in talks of a merger with Skydance Media. Corteva — The agriculture chemical stock lost 3.8% after JPMorgan downgraded it to neutral from overweight.

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Source: CNBC - 🏆 12. / 72 Read more »