A pedestrian passes an AT&T store in New York, U.S.<\/p>\n
Scott Mlyn | CNBC<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Check out the companies making headlines in premarket trading.<\/em><\/p>\n JPMorgan Chase<\/a><\/span><\/span><\/span> — The bank stock climbed 2.7% after reporting better-than-expected earnings due to higher interest rates and strong bond trading from the investment bank side. The company reported<\/a> an adjusted $4.37 per share and $42.4 billion in revenue, while analysts polled by Refinitiv estimated $4 a share and $38.96 billion.<\/p>\n Wells Fargo<\/a><\/span><\/span><\/span> — Shares climbed nearly 4% after an earnings beat<\/a> due to a 29% increase in interest income. Wells reported an adjusted $1.25 per share and $20.53 billion in revenue, while analysts polled by Refinitiv forecasted $1.16 per share and $20.12 billion.<\/p>\n Citi<\/a><\/span><\/span><\/span> — Citi stock added nearly 2% in premarket trading after beating on earnings<\/a>. The firm reported an adjusted $1.33 per share and $19.44 billion in revenue. Analysts polled by Refinitiv forecasted $1.30 per share and $19.29 billion.<\/p>\n BlackRock<\/a><\/span><\/span><\/span> — Shares slipped roughly 1% after quarterly results<\/a>. The investment firm reported an adjusted $9.28 per share and $4.46 billion in revenue while analysts surveyed by Refinitiv expected $8.45 per share and $4.45 billion.<\/p>\n Coinbase<\/a><\/span><\/span><\/span> — Stock in the cryptocurrency exchange pulled back 1.2% in premarket trading. Shares of Coinbase are coming off of a strong rally a day earlier thanks to a ruling in a case concerning the cryptocurrency XRP. A judge in New York’s Southern District said that the token may not classify as a security<\/a>.<\/p>\n Plug Power<\/a><\/span><\/span><\/span> — The battery stock added nearly 6% after an upgrade to outperform from Northland Capital Markets.<\/p>\n Microsoft<\/a><\/span><\/span><\/span> \u2014 Microsoft gained 1.8% after UBS upgraded the tech stock to buy from neutral<\/a>. The Wall Street firm said the recent weakness in the stock, which is a major artificial intelligence play, is an opportunity for investors. UBS also hiked the price target to $400, implying more than 16% upside. Microsoft is higher by 42% this year.<\/p>\n AT&T<\/a><\/span><\/span><\/span> — Shares of the telecommunications giant slipped 1.3% after a downgrade to neutral from JPMorgan<\/a> over increased competition in both its wireless and cable segments.<\/p>\n UnitedHealth Group<\/a><\/span><\/span><\/span> — The healthcare stock climbed 3.4% after beating on earnings. The company reported an adjusted $6.14 per share and $92.9 billion in revenue while analysts polled by Refinitiv forecasted $5.99 and $91 billion.<\/p>\n Alcoa<\/a><\/span><\/span><\/span> — Stock in the aluminum supplier fell 2.3% after a downgrade to neutral from JPMorgan<\/a> over weaker near-term metal prices.<\/p>\n \u2014 CNBC’s Sarah Min contributed reporting<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":" A pedestrian passes an AT&T store in New York, U.S. Scott Mlyn | CNBC Check out the companies making headlines in premarket trading. JPMorgan Chase — The bank stock climbed 2.7% after reporting better-than-expected earnings due to higher interest rates and strong bond trading from the investment bank side. The company reported an adjusted $4.37…<\/p>\n","protected":false},"author":1,"featured_media":40919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-40918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n