Bank of America, Coinbase, Dell and more

Check out some of the most important premarket engines:

Bank of America (BAC): The strong start to the Wall Street banking profit season continued with a beat on the top and bottom lines of Bank of America. The bank released $ 2.7 billion in reserves for loan losses, increasing its profits. Shares rose 1.2% before the bell.

Coinbase (COIN): The exchange of cryptocurrencies continued its volatile start as a public company, with shares rising more than 7% in premarket trading. Shares began trading at $ 381 per share on their direct price on Wednesday and rose in its first minutes, but shares were reversed later and Coinbase closed at about $ 328 per share. In addition, BTIG initiated Coinbase coverage with a “purchase” rating.

Dell (DELL) – Technology company shares jumped after Dell announced it had decided to withdraw its 81% stake in VMWare. Shares of Dell rose more than 7%, while VMWare added 2.6% in premarket trading.

Nvidia (NVDA) – Raymond James upgraded chip stocks to a “strong buy” from “outperform”, saying the company was well positioned in the short and long term. The firm also started covering Advanced Micro Devices with a “higher” rating. Nvidia and AMD rose 1.8% and 1.5%, respectively, in premarket trade.

UnitedHealth (UNH) – The managed care company exceeded estimates for the top and bottom lines in the first quarter, with adjusted earnings of $ 5.31 per share and revenue of more than $ 70 billion. UnitedHealth also raised its year-over earnings orientation. Shares rose 1.7% in premarket trading.

American Eagle (AEO) – The garment company announced it expects first-quarter revenue to exceed $ 1 billion, a growth among teens compared to the same period in 2019, before the pandemic. American Eagle also projected operating income more than double compared to the same period. The company will report all its results on May 1. Shares rose more than 6% in premarket trading.

CrowdStrike (CRWD) – Deutsche Bank began hedging cybersecurity shares with a “buy” rating, saying in a note that the company’s margins could exceed 30%. CrowdStrike shares rose 3% in premarket trading.

PepsiCo (PEP): The beverage company reported adjusted earnings of $ 1.21 per share, which was 9 cents above estimates, according to Refinitiv. Revenues also exceeded expectations, as organic revenues increased 2.4%. PepsiCo shares rose 0.6% in pre-market trading.

BlackRock (BLK): Asset management giant reported $ 7.77 in adjusted earnings per share and $ 4.4 billion in revenue during the first quarter, slightly above estimates at both points , according to Refinitive. The firm’s managed assets reached $ 9 trillion. Shares rose 0.4% in premarket trading.

–Michael Bloom of CNBC contributed to this story.