Take a look at the top midday traders.

SoFi – Shares of the mobile financial services company surged more than 16% after the company won long-sought regulatory approval to become a bank holding company. SoFi to acquire California’s community lender Golden Pacific Bancorp a deal announced last yearSoFi Bank is its subsidiary bank.

UnitedHealth Group – UnitedHealth shares rose 1.4% after the health insurer’s fourth-quarter report beat earnings expectations. Refinitiv’s consensus estimate was that the company would report an adjusted profit at $4.48 per share. This is 17 cents more than what they actually reported. UnitedHealth’s revenues also exceeded expectations.

Morgan Stanley — The bank stock climbed about 2.1% after the firm posted better-than-expected fourth-quarter profitson high equities trading income. Unlike its rivals, which disclosed soaring compensation costs for Wall Street personnel in the quarter, Morgan Stanley kept a lid on expenses.

Procter & Gamble – Shares of the consumer goods company rose about 4.3% after it reported earnings topping Wall Street estimates. One cent more than the Refinitiv consensus estimate, P&G posted earnings of $1.66 a share. P&G also beat revenue expectations and raised its 2022 forecast.

US Bancorp — Shares of U.S. Bancorp fell 6.9% after a weaker-than-expected fourth-quarter earnings report. Refinitiv analysts had a lower consensus on the company’s profit. StreetAccount also reported a lower net interest income.

State Street — Shares of the asset manager fell more than 5% despite State Street reporting better-than-expected results for the fourth quarter on the top and bottom lines. StreetAccount reports that revenue from service fees fell short of analysts’ expectations. State Street also announced the retirement of the Global Advisors CEO this year.

Sony – Sony shares fell 2.9% after MicrosoftOn Tuesday announced a dealTo buy a video game maker Activision BlizzardFor $68.7 Billion The acquisition would increase competitive pressureSony’s PlayStation operation.

Electronic Arts – Electronic Arts shares added roughly 2.7% after an upgrade to overweight from Atlantic Equities. Following Microsoft’s announcement that it was buying Activision Blizzard in March, shares seemed attractive to the company.

Las Vegas Sands — The casino and gaming stock gained 3.3% on Wednesday following an upgrade to buy from neutral by UBS. According to the note, clients should see an investment firm stating that Macao’s new gambling rules will benefit Las Vegas Sands.

Lennar — Shares of homebuilder stocks fell after downgrades from KeyBanc. Lennar’s stock rating was dropped by the company. KB HomeAnd Toll Brothers to underweight and cut its rating on D.R. HortonTo sector weight. Lennar fell nearly 2% while D.R. Horton fell 1.6%. KB Home, Toll Brothers and Toll Brothers both dropped over 2%.

— CNBC’s Tanaya Macheel, Yun Li and Jesse Pound contributed reporting