Companies such as AT&T, Microsoft, JPMorgan, Citi, and others

Discover the companies making waves in premarket trading.

JPMorgan Chase







– The banking giant saw its stock rise by 2.7% after surpassing earnings expectations, attributed to increased interest rates and strong bond trading from the investment bank division. JPMorgan Chase reported adjusted earnings of $4.37 per share and $42.4 billion in revenue, outperforming Refinitiv’s analysts’ estimates of $4 per share and $38.96 billion in revenue.

Wells Fargo







– Shares of Wells Fargo surged by nearly 4% after beating earnings expectations, attributed to a 29% increase in interest income. The company reported adjusted earnings of $1.25 per share and $20.53 billion in revenue, surpassing Refinitiv’s analysts’ estimates of $1.16 per share and $20.12 billion in revenue.

Citi







– Citi’s stock gained nearly 2% in premarket trading after exceeding earnings expectations. The firm reported adjusted earnings of $1.33 per share and $19.44 billion in revenue, surpassing Refinitiv’s analysts’ estimates of $1.30 per share and $19.29 billion in revenue.

BlackRock







– Shares of BlackRock slipped approximately 1% after the release of quarterly results. The investment firm reported adjusted earnings of $9.28 per share and $4.46 billion in revenue, slightly below Refinitiv’s analysts’ estimates of $8.45 per share and $4.45 billion in revenue.

Coinbase







– Stock in the cryptocurrency exchange declined by 1.2% in premarket trading. Coinbase’s shares had experienced significant growth in the previous day due to a favorable ruling in a case involving the cryptocurrency XRP. A judge in New York’s Southern District stated that the token may not be classified as a security.

Plug Power







– The battery stock rose nearly 6% following an upgrade to “outperform” from Northland Capital Markets.

Microsoft







– Microsoft saw a 1.8% gain after UBS upgraded the tech stock from “neutral” to “buy.” The Wall Street firm identified the recent stock weakness as an opportunity for investors, particularly considering Microsoft’s significant presence in the artificial intelligence field. UBS also raised the price target to $400, suggesting a more than 16% potential increase. Microsoft’s stock has already risen by 42% this year.

AT&T







– Shares of the telecommunications giant fell by 1.3% following a downgrade to “neutral” from JPMorgan due to increased competition in both its wireless and cable segments.

UnitedHealth Group







– The healthcare stock climbed 3.4% after surpassing earnings expectations. UnitedHealth Group reported adjusted earnings of $6.14 per share and $92.9 billion in revenue, outperforming Refinitiv’s analysts’ estimates of $5.99 per share and $91 billion in revenue.

Alcoa







– Stock in the aluminum supplier dropped by 2.3% after a downgrade to “neutral” from JPMorgan, reflecting expectations of weaker near-term metal prices.

– CNBC’s Sarah Min contributed to this report.