The largest midday stock movers are JPMorgan, Delta Air Lines, and PayPal.

Check out the companies making headlines in midday trading.

JPMorgan Chase reported a $524 million hit from market dislocations caused by sanctions against Russia due to the war in Ukraine, despite posting better-than-expected earnings and revenue in the first quarter, profit fell 42% from the year prior.

Delta's airline stock increased by 6.2% after forecasting a profit in the current quarter. Despite wider-than-expected losses per share in its fiscal first quarter, Delta surpassed revenue expectations.

After Delta's report, other travel stocks, including American Airlines, Southwest Airlines, and Norwegian Cruise Line, experienced growth. American Airlines soared 10.6%, Southwest Airlines jumped 7.5%, and Norwegian Cruise Line added 6.2%.

On Tuesday, Walmart announced the hiring of PayPal CFO John Rainey to replace Brett Biggs, who has been CFO since 2015. As a result, PayPal's stock fell by 2.9%, while Walmart's shares rose by 2.6%.

The company's quarterly earnings report exceeded analysts' expectations, resulting in a 2.2% increase in shares. The company reported a profit of 47 cents per share on revenue of $1.7 billion, while analysts surveyed by Refinitiv expected a profit of 45 cents per share on revenue of $1.69 billion.

After being named a "top pick" by Morgan Stanley and predicting that rising rates will benefit the stock, the brokerage company's price increased by 4.7%. The firm's BlackRock stock has an implied upside of approximately 65% based on its price target.

After Bank of America gave a buy rating to the media stock, shares increased by 5.4%. The firm stated that the merger of the two media companies results in a "powerhouse."

After a report from Activist Insight suggesting the company could be a potential activist target, the retail stock experienced an 8.2% increase. However, CNBC has not verified the report.

— CNBC’s Samantha Subin and Tanaya Macheel contributed reporting.