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

cnbc.com:

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 per share and $42.4 billion in revenue, while analysts polled by Refinitiv estimated $4 a share and $38.96 billion.

Wells Fargo — Shares climbed nearly 4% after an earnings beat 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.

Citi — Citi stock added nearly 2% in premarket trading after beating on earnings. 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.

BlackRock — Shares slipped roughly 1% after quarterly results. 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.

Coinbase — 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.

Plug Power — The battery stock added nearly 6% after an upgrade to outperform from Northland Capital Markets.

Microsoft — Microsoft gained 1.8% after UBS upgraded the tech stock to buy from neutral. The Wall Street firm said the recent weakness in the stock, which is a major artificial intelligence play, is an