Wells Fargo — Shares of Wells Fargo fell 5% after the bank posted its first quarterly loss since the Great Recession and slashed its dividend.

The bank posted a net loss of $2.4 billion in the second quarter, or a loss of 66 cents a share, worse than the 20 cents a share loss expected by analysts surveyed by Refinitiv.

It also cut its quarterly dividend to 10 cents a share from 51 cents previously.

Delta – Shares of the airline slid more than 2% after the company said it lost $4.43 per share in the second quarter, which was larger than the $4.07 per share loss analysts surveyed by Refinitiv had been expecting.

The bank posted earnings of $4.69 billion, or $1.38 a share, exceeding the $1.04 per share estimate of analysts surveyed by Refinitiv.

Spotify — Shares of the streaming audio company fell 2.5% after UBS downgraded the stock two notches to sell from buy?

The bank said in a note that the market had fully priced in strong performance in the upcoming quarters and that the stock could fall more than 20%.