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Midday Movers: Citigroup, Wells Fargo, First Solar and More

Published 07/15/2022, 01:15 PM
Updated 07/15/2022, 01:24 PM
© Reuters.

By Liz Moyer

Investing.com -- U.S. stocks jumped on Friday after better than expected retail sales data. Here are the midday movers for July 15:

  • Citigroup Inc (NYSE:C) shares jumped 10% after it beat expectations for the second quarter and showed the fruits of its turnaround efforts. Trading helped overcome weakness in advisory and other investment banking services.

  • Wells Fargo & Company (NYSE:WFC) shares rose 6% despite falling short of expectations. The quarter saw a slowdown in mortgage banking activity and the bank set aside money for the possibility of loan losses down the road.

  • First Solar Inc (NASDAQ:FSLR) shares fell after word Sen. Joe Manchin, a key swing vote in the Senate, was unwilling to support a bill backing President Joe Biden's climate change spending initiatives.

  • Pinterest Inc (NYSE:PINS) shares jumped 14.8% after a report the activist fund Elliott Management had taken a 9% stake in the company, which is in the middle of a transformation after the co-founder stepped down as CEO last month.

  • Twitter Inc (NYSE:TWTR) shares continued to rise, up another 2.3% on Friday as the company fought Elon Musk's attempt to cancel his $44 billion deal to buy the social media platform

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