An indication is posted in front of a Wendy’s restaurant on August 10, 2022 in Petaluma, California.

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Try the businesses making headlines in midday trading.

JPMorgan – Shares of the largest U.S. bank by assets rose greater than 2% after the firm posted fourth-quarter profit and revenue that topped expectations. The Latest York-based bank said profit jumped 6% from the 12 months ancient times to $11.01 billion, or $3.57 per share. Interest income on the bank surged 48% on higher rates and loan growth.

Citigroup — Citigroup’s stock added 1.7% as the corporate reported a record fourth quarter for fixed income. The bank said net income decreased throughout the period by greater than 21% over last 12 months because it put aside extra money for potential credit losses.

Delta Air Lines — The airline stock edged 3.5% lower after the corporate said in its outlook that higher labor costs would hurt its first-quarter profits. Delta topped analysts’ expectations on the highest and bottom lines for the fourth quarter.

Wendy’s — The fast-food chain’s stock added 6% after Wendy’s shared positive preliminary fourth-quarter results and announced a handful of reshuffles inside its corporate structure. A regulatory filing also indicated that Nelson Peltz doesn’t need to take over Wendy’s.

Wells Fargo – The bank stock added 3.2% even after the firm reported shrinking profits, weighed down by a recent settlement and the necessity to construct up reserves amid a deteriorating economy. Wells Fargo’s net income tumbled 50% to $2.86 billion from $5.75 billion a 12 months ago. The bank put aside $957 million for credit losses after reducing its provisions by $452 million a 12 months ago.

Bank of America —The financial stock rose lower than 1% on Friday after Bank of America beat estimates on the highest and bottom lines for the fourth quarter. A pointy rise in net interest income helped the outcomes, though management cautioned that the metric could decline sequentially in the primary quarter. CEO Brian Moynihan also said that a light recession was the firm’s baseline assumption for 2023.

Virgin Galactic Holdings — The space tourism company jumped 12.3% after it said it was on target for a business launch within the second quarter of 2023. The corporate also announced its president of aerospace systems, Swami Iyer, was leaving.

Tesla — Shares of the electric-vehicle maker shed about 1% after being downgraded to sell from neutral by Guggenheim and cutting prices on its vehicles within the U.S. and Europe. In its downgrade, Guggenheim cited concerns with Tesla’s fourth-quarter estimates.

Bank of Latest York Mellon — Shares of the mid-sized bank rose 1.8% on Friday after the corporate reported net income of $509 million for the fourth quarter. That was down 38% 12 months over 12 months but up about 60% from the third quarter. That profit rose to $1.1 billion, or $1.30 per share, when excluding certain items, nevertheless it is unclear if those results were comparable to analysts’ estimates.

UnitedHealth — The health-care stock advanced closed over 1% lower after the corporate surpassed Wall Street’s fourth-quarter expectations. UnitedHealth reported adjusted earnings of $5.34 a share on $82.8 billion in revenue. Analysts polled by Refinitiv expected earnings of $5.17 per share on revenues of $82.59 billion.

Lockheed Martin — The defense stock slipped 2.6% after Goldman Sachs downgraded shares to sell from a neutral rating. The firm said shares could fall if the federal government trims defense spending. Northrop Grumman shares also dove 5.4% on Goldman’s downgrade to a sell from neutral rating.

Salesforce — The software stock closed flat following a downgrade to neutral from chubby by Atlantic Equities. The firm said the stock would likely be hurt by executive departures and slowed growth.

Logitech — Shares of the buyer electronics company dipped 3.4% after Deutsche Bank downgraded the shares to a hold from a buy rating. The decline built on Thursday’s losses after reporting preliminary results that signaled slowing sales and earnings.

Warner Music Group – Shares of Warner Music Group shed 5.4% after Guggenheim cut its rating on the stock to neutral from buy and trimmed its price goal to $35 from $38, citing worries about revenue from the music streaming service.

Copa — Shares of the Latin American airline jumped 6.4% following an upgrade to chubby from a neutral rating by analysts at JPMorgan. The bank said shares could rally 50% as air travels resurges.

AutoNation — AutoNation’s stock fell 4.7% as Wells Fargo downgraded the automotive retailer to equal weight from an chubby rating, saying that its valuation looks “reasonable” and estimates look too high.

— CNBC’s Jesse Pound, Yun Li, Michelle Fox, Alex Harring and Carmen Reinicke contributed reporting