Check out the companies making the biggest moves in premarket trading: Wells Fargo — Shares tumbled 6% after the bank reported $11.92 billion in net interest income for the second quarter, a 9% year-over-year decline . Analysts polled by FactSet were expecting $12.12 billion in net interest income. Wells Fargo also reiterated its full-year forecast of a 7% to 9% decrease in net interest income. JPMorgan Chase — The bank slipped 1.6% despite reporting a revenue beat for the second quarter.
On Friday, UBS downgraded the stock to sell from neutral, a day after a report that Tesla's robotaxi event was pushed back to October from August. Bloomberg News, citing sources, said Thursday the delay would give the teams more time to build prototypes. AT & T — The telecom stock fell more than 2% after disclosing that customer data was illegally downloaded from a third-party platform.
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