Here’s a look at the biggest gainers in premarket trading: Wells Fargo — The bank reported second-quarter net interest income of $11.92 billion, down 9% from a year earlier, sending its shares down 6%. Analysts polled by FactSet expected net interest income of $12.12 billion. Wells Fargo also reiterated its forecast for a full-year net interest income decline of 7% to 9%. JPMorgan Chase – Shares fell 1.6% despite the bank’s second-quarter revenue beating expectations. Revenue was $50.99 billion, while analysts polled by LSEG expected $49.87 billion. Earnings per share of $4.40 may not compare to the consensus estimate of $4.19 per share. The stock has gained nearly 22% this year. Tesla — Shares fell 1.2%, after falling 8.4% in the previous session. On Friday, UBS downgraded the stock to sell from neutral, a day after reports that Tesla’s robotaxi campaign was delayed from August to October. Bloomberg News quoted sources on Thursday as saying the delay would give the team more time to build a prototype. AT&T – The telecom stock fell more than 2% after revealing that customer data was illegally downloaded from a third-party platform. AT&T said the data includes nearly all customer call and text message records within six months of 2022. The company believes Carvana has unique advantages over peers and said investors “should not ignore” the opportunity. Fastenal — The industrial stock rose 2.2% after Fastenal reported second-quarter revenue of $1.92 billion, beating the FactSet consensus of $1.91 billion. Earnings per share were 51 cents, in line with expectations. —CNBC’s Sarah Min, Jesse Pound and Pia Singh contributed reporting.
