Check out the companies making headlines in midday trading: Wells Fargo — Shares of the San Francisco-based lender dropped nearly 7% after the firm reported a 9% decline in net interest income. Wells Fargo recorded $11.92 billion in net interest income, a key measure of what a bank makes on lending, below the $12.12 billion expected by analysts, according to FactSet. The bank's second-quarter earnings and revenue did exceed Wall Street expectations.
's initiation at buy. said the company has an industry-leading EBITDA margin and could be able to grow both market share and profits simultaneously. Carvana shares are up more than 80% in three months. Array Technologies — Shares jumped more than 5% after Citi upgraded the solar energy technology company to buy from neutral, citing potential for the stock to regain share after losing more than 31% year to date. Fastenal — The stock rose 4.5% after the industrial company reported earnings for the second quarter.
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