Stocks making the biggest moves premarket: AT&T, Microsoft, JPMorgan, Citi and more

Find out which companies are making headlines in pre-market commerce.

JPMorgan Chase — The bank stock rose 2.7% after reporting better-than-expected earnings on higher interest rates and strong bond trading from investment banks. The company reported an adjusted amount of $4.37 per share and $42.4 billion in revenue, while analysts polled by Refinitiv estimated $4 per share and $38.96 billion.

Wells Fargo — Shares climbed nearly 4% after a beating of gains due to a 29% increase in interest income. Wells reported adjusted revenue of $1.25 per share and $20.53 billion, while analysts polled by Refinitiv were expecting $1.16 per share and $20.12 billion.

City — Citi stock rose nearly 2% in premarket tradingafter beating on winnings. The company reported adjusted $1.33 per share and revenue of $19.44 billion. Analysts polled by Refinitiv were expecting $1.30 a share and $19.29 billion.

black rock — Shares fell about 1% after the quarterly results. The investment firm reported adjusted revenue of $9.28 per share and $4.46 billion, while analysts polled by Refinitiv expected $8.45 per share and $4.45 billion. billions of dollars.

Coinbase – Shares of the cryptocurrency exchange fell 1.2% in premarket trading. Coinbase shares are coming off a strong rally a day earlier thanks to a decision in a case involving the cryptocurrency XRP. A judge for the Southern District of New York said that the token cannot be classified as a security.

Plug hole — Battery stock rose nearly 6% after an upgrade to outperform Northland Capital Markets.

Microsoft — Microsoft gained 1.8% after UBS upgraded tech stock to buy from neutral. The Wall Street firm said the recent weakness in the stock, which is a major play in artificial intelligence, is an opportunity for investors. UBS also raised the price target to $400, implying an upside of over 16%. Microsoft is 42% higher this year.

AT&T – Shares of the telecommunications giant fell 1.3% after a downgrade at JPMorgan’s neutral facing increased competition in its wireless and cable segments.

UnitedHealth Group — The healthcare stock climbed 3.4% after beating earnings. The company reported adjusted revenue of $6.14 per share and $92.9 billion, while analysts polled by Refinitiv were expecting $5.99 and $91 billion.

Alcoa — The aluminum supplier’s stock fell 2.3% after a downgrade to neutral by JPMorgan on weaker metal prices in the short term.

– CNBC’s Sarah Min contributed reporting