Bank of America, Coinbase, Dell and more

Check out some of the biggest drivers in the front market:

Bank of America (BAC) – The strong start of the Wall Street banks’ earnings season continued with a beat in the top and bottom line for Bank of America. The bank released $ 2.7 billion in loan loss reserves, which increased its earnings. Shares rose 1.2% ahead of the clock.

Coinbase (COIN) – The exchange of cryptocurrencies has continued its volatile start as a public company, with shares rising more than 7% in pre-trading. The stock started trading at $ 381 a share in its direct listing on Wednesday and rose in the opening minutes, but the stock reversed later in the day and Coinbase closed close to $ 328 a share. In addition, BTIG coverage of Coinbase has started with a “buy” rating.

Dell (DELL) – Shares of the tech company jumped after Dell announced it had decided to wipe out its 81% stake in VMWare. Dell’s share rose more than 7%, while VMWare added 2.6% in pre-trading.

Nvidia (NVDA) – Raymond James upgraded the chip stock to a ‘strong buy’ of ‘better than’ and said the company is well positioned in the short and long term. The company also started covering Advanced Micro Devices with a ‘better performance’. Nvidia and AMD rose 1.8% and 1.5% in pre-trade, respectively.

UnitedHealth (UNH) – The managed care business beat first- and first-quarter estimates, with adjusted earnings of $ 5.31 per share and more than $ 70 billion in revenue. UnitedHealth also increased its profit guidance for the full year. Shares rose 1.7% in pre-trading.

American Eagle (AEO) – The clothing company has announced that it will expect first-quarter revenue to $ 1 billion, a growth in the mid-teens of the same period in 2019, before the pandemic. American Eagle also projected operating income of more than double compared to the same period. The company will report its full results on May 1st. Shares rose more than 6% in pre-trading.

CrowdStrike (CRWD) – Deutsche Bank has started covering the cybersecurity stock with a ‘buy’ rating and said in a note that the company’s margins could exceed 30%. Shares in CrowdStrike rose 3% in pre-market trading.

PepsiCo (PEP) – According to Refinitiv, the liquor company reported adjusted earnings of $ 1.21 per share, which was 9 cents above the estimate. Revenue is also rising higher than expected as organic revenue rose by 2.4%. Shares of PepsiCo rose 0.6% in pre-market trading.

BlackRock (BLK) – The asset management giant reported $ 7.77 in adjusted earnings per share and $ 4.4 billion in revenue for the first quarter, according to Refinitiv. The company’s asset under management amounted to $ 9 billion. Shares rose 0.4% in the pre-trade.

– CNBC’s Michael Bloom contributed to this story.