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Citi, Wells Fargo, Sunrun and more

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Citigroup offices in Latest York City. 

Adam Jeffery | CNBC

Try the businesses making headlines in midday trading.

Pinterest — Shares of the image-sharing social media company surged 16.2% on a report from the Wall Street Journal that Elliott Management has acquired a greater than 9% stake.

Citigroup — Citigroup rallied 13.2% after second-quarter earnings beat on the highest and bottom lines. Citigroup was the one considered one of the 4 major banks that reported earnings this week to surpass expectations on revenue.

Wells Fargo — Shares of Wells Fargo surged 6.2% after the bank reported quarterly earnings Friday morning. The bank missed analysts’ revenue estimates but beat on adjusted earnings per share, coming in at 82 cents versus 80 cents expected. Higher rates of interest helped the bank in the course of the quarter as net interest income climbed 16% on the yr — which should help the bank offset further pressure on its mortgage unit and other operations going forward.

State Street — Shares jumped 9.7% after the financial services fiduciary reported a beat on earnings per share estimates. State Street reported earnings of $1.94 per share on revenue of $2.95 billion. Analysts polled by Refinitiv were expecting earnings of $1.73 per share on revenue of $2.99 billion.

Bank of Latest York Mellon — The bank holding company jumped 7.3% after a beat on revenue in its second-quarter earnings. Bank of Latest York Mellon reported revenue of $4.25 billion, compared with Refinitiv consensus estimates of $4.17 billion.

U.S. Bancorp — U.S. Bancorp gained 5.2% after quarterly earnings that surpassed revenue expectations. The bank posted revenue of $6.01 billion against analysts polled by Refinitiv who were expecting revenue of $5.89 billion.

UnitedHealth Group — Shares jumped 5.4% after the health insurer’s quarterly earnings topped expectations. UnitedHealth reported earnings of $5.57 per share on revenue of $80.33 billion. UNH was expected to report earnings of $5.20 per share on revenue of $79.68 billion, in line with consensus estimates from Refinitiv.

Sunrun — Solar stocks declined Friday following an NBC News report that said Sen. Joe Manchin wouldn’t support a bill increasing spending to deal with climate change. The story cited a Democrat briefed on the conversations. Sunrun fell 6.4%, First Solar declined 8.1%, SunPower dipped 3.4% and SolarEdge Technologies lost 1.2%.

—CNBC’s Samantha Subin and Carmen Reinicke contributed reporting.

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