Check out the companies making headlines in premarket trading. Wells Fargo — Shares of the San Francisco-based lender rose 3%, helped by better-than-expected earnings. Adjusted earnings came in at $1.52 per share, above the consensus estimate of $1.28 based on a survey of analysts by LSEG. However, the bank’s revenue of $20.37 billion came in below the $20.42 billion expected, and Wells experienced an 11% decline in net interest income. JPMorgan Chase — Shares added 2% after the bank reported third-quarter results that beat expectations. Earnings per share came in at $4.37, versus the $4.01 consensus estimate, per LSEG. Revenue was $43.32 billion, topping the $41.63 billion estimate. Tesla , Uber — Tesla shares tumbled 6.4% after its event for the robotaxi, a self-driving cab concept, left investors feeling underwhelmed. Uber shares popped 4.9%, meanwhile, after Bank of America said the event’s conclusion ended six months of worrying about what it could mean for the rideshare stock. BlackRock — The asset management advanced rose 2% after a stronger-than-expected third quarter. BlackRock reported $11.46 in adjusted earnings per share on $5.20 billion of revenue. Analysts at LSEG were expecting for $10.33 per share on $5.01 billion of revenue. BlackRock assets hit a record $11.5 trillion. Stellantis — Shares slipped about 3% after the automaker announced major management changes , including ousting its chief financial officer. The company also confirmed that it’s looking for a successor to CEO Carlos Tavares ahead of his retirement in early 2026. Affirm , Flywire — Affirm shares popped 3.1% after Wells Fargo upgraded the buy-now-pay-later stock to overweight from equal weight. Elsewhere in the digital payments space, Wells Fargo downgraded Flywire to equal weight from overweight, sending shares down 2.7%. Mobileye — Shares of the self-driving technology developer retreated by 2.1% in the wake of a downgrade to neutral from outperform by Mizuho. The bank said Mobileye said slowing automotive sales and growing competition can pressure the stock. Atlassian — Shares gained less than 1% after Morgan Stanley named the software developer a top stock pick. Morgan Stanley noted that shares of Atlassian are down 23% on the year, creating a compelling entry point. Further, the bank believes that Atlassian’s expanding product portfolio will drive shares higher. Kinder Morgan — The energy infrastructure stock advanced 1.5% on the back of Bank of America’s upgrade to buy from neutral. The bank said Kinder Morgan is an artificial intelligence beneficiary and is in “growth mode.” Ferrari — The luxury auto stock rose 1.7% following an upgrade to overweight from neutral at JPMorgan. The investment firm cited optimism about Ferrari’s electric vehicle development and how the company is handling soft demand in China as reasons for the upgrade. — CNBC’s Lisa Kailai Han, Jesse Pound, Michelle Fox, Yun Li and Sean Conlon contributed reporting
