Written by Brenda Nakalema

Wells Fargo, BlackRock, and other Friday Morning Stock Movers

Stock futures indicated Wall Street would start higher Friday with since more US banks reported quarterly earnings. These are some …

Stock futures indicated Wall Street would start higher Friday with since more US banks reported quarterly earnings.

These are some of the stocks making noteworthy moves in premarket trading Friday. S&P 500 futures climbed 0.3%, and Dow Jones Industrial Average futures gained 0.4%. Nasdaq Composite futures stood at 0.2% higher.

Shares of Wells Fargo (ticker: WFC) were 2.8% lower following the bank’s release of its second-quarter results that were woefully short of analysts’ expectations. Asset managers BlackRock (ticker: BLK) released a revenue and earnings report that missed analysts’ expectations; the stock dropped 1.5%.

Bank of New York Mello shares (ticker: BK) stood higher after the bank reported revenue that surpassed Wall Street expectations but posted an earnings miss.

PNC Financial Services Group (ticker: PNC) released earnings for its second quarter that beat Wall Street estimates despite the revenue being slightly below consensus. The stock dropped 0.1% lower.

UnitedHealth Group (ticker: UNH) gained 1.6% after the health care giant boosted its full-year earnings forecast after posting an earnings beat for the second quarter.

Shares of Qualcomm (ticker: QCOM) grew 1.1% higher after an analyst from Edward Jones decided to upgrade his rating on the semiconductor company from Hold to Buy.

10x Genomics (ticker: TXG) dipped 19.4% Friday afterlife science technology company announced revenue is expected to be roughly $114.5 million for the second quarter, which fell lower than analysts’ expectations of $127.7 million, according to FactSet. An analyst from William Blair lowered his rating on the stock from Outperform to market perform.