Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more

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Check out the companies making headlines in midday trading.

First Republic, JPMorgan Chase — First Republic shares and were halted after JPMorgan Chase acquired the ailing bank and most of its assets after regulators seized control. JPMorgan shares rose 3%.

General Motors — The automaker gained 2% after Morgan Stanley upgraded General Motors to overweight from equal weight and called the stock oversold.

Norwegian Cruise Line — The cruise company jumped 8% after on better-than-expected quarterly results. Norwegian Cruise Line also boosted its full-year profit forecast amid strong travel demand.

Exxon Mobil — Shares shed 3% on the back of a Goldman Sachs downgrade to neutral from buy. The firm said the oil giant was less attractive after its multiyear run.

PacWest, Zions Bancorp. — Regional bank stocks were volatile on Monday as investors reacted to the seizure and sale of First Republic Bank over the weekend. Shares of PacWest fell nearly 8% after rising earlier in the session. Zions Bancorp. fell more than 2%, while Western Alliance dipped about 1%. The SPDR S&P Regional Bank ETF (KRE) was down 1.7%.

SoFi Technologies — The student loan refinancer fell more than 8% despite posting better-than-expected quarterly results. The company reported a loss of 5 cents per share and revenue of $460.16 million against  consensus estimates of 7 cents and $441 million, according to Refinitiv. However, management said on the company earnings call Monday that demand for loans originating from the fourth quarter would see a lower monetization level due to higher interest.

Comcast — The media stock gained 0.8% after Bank of America upgraded the media stock to buy from a neutral rating following its recent quarterly