American Express, Visa and Mastercard signage are displayed in a shop window in New York.
Scott Eells | Bloomberg | Getty Images
Check out the companies making headlines in midday trading.
American Express — The credit card company saw an 11% jump in its shares after it issued upbeat earnings and revenue guidance for 2023 that was better than expected by Wall Street analysts. The company also said it will increase its dividend by 15%.
Intel — The chipmaker saw its shares drop nearly 7% after its latest financial results missed analysts’ estimates and showed significant declines in the company’s sales, profit and gross margin. The company also forecasted a loss for the current quarter.
Silvergate Capital — The crypto-focused bank slid more than 22% after it suspended dividend payments on its Series A preferred stock, in an effort to preserve capital as it navigates recent crypto market volatility. The stock has been falling since November, after crypto exchange FTX, for whom…
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