Morgan Stanley, Sunrun, Comcast and more

Aaron Newsom, left, an installer for the solar company, Sunrun, and Tim McKibben, a senior installer, prepare solar panels to be installed on the roof of a house in Granada Hills.

Mel Melcon | Los Angeles Times | Getty Images

Find out which companies are making the headlines before the bell:

Morgan Stanley (MS) – Morgan Stanley beat analysts’ expectations for first quarter results thanks to better-than-expected bond trading results, pushing shares higher in the pre-market. The big U.S. bank reported earnings of $ 2.19 per share on revenue of $ 15.72 billion.

Sunrun (RUN) – Shares of the residential solar company jumped 3% after Simmons Energy raised the stock to an “overweight” rating. In a note to customers, the company said the company has strong growth ahead and the recent weakness presents an attractive buying opportunity.

Cisco (CSCO) – Shares of Cisco rose 1.1% in pre-market trading on Friday after Wolfe Research improved its shares to “outperform” them. Analyst Jeff Kvaal wrote that “strong IT spending should prove a favorable wind in Cisco’s estimates” through fiscal year 2022 and said stocks are expected to climb to $ 63, up 22% from report at the close on Thursday.

PNC Financial (PNC) – Bank stock fell 1.9% in pre-market trading, even after PNC beat estimates on the upper and lower lines of its first quarter report. PNC reported $ 4.10 in earnings per share on $ 4.22 billion in revenue. Analysts polled by Refinitiv had posted $ 2.75 per share and $ 4.12 billion in revenue. The bank’s net interest margin fell and missed expectations, according to FactSet.

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Comcast (CMCSA) – Comcast shares rose 1.2% ahead of the opening bell after Raymond James raised the stock to an “outperform” rating and told clients he expects strong first quarter results from the media giant. “We believe there will be an advantage from NBCU in the future thanks to the strength of HSD, Peacock’s undergrowth, improved movie theater revenues and phased reopening of theme parks,” wrote analyst Frank Louthan.

Simon Property Group (SPG) – Shares of the real estate company rose in pre-market operations after Jefferies upgraded the action to “buy” to “hold”. The Wall Street firm said that “investments by retailers, pent-up consumer demand and the reduction of bad debt are positive catalysts” for the mall owner.

Bank of New York Mellon (BK) – Shares of the bank rose 1% in pre-market transactions after Bank of New York Mellon beat analyst estimates in its first quarter report. The company earned 97 cents a share on $ 3.92 billion in revenue. Analysts polled by Refinitiv were looking for 87 cents a share and $ 3.85 billion in revenue.

United Airlines (UAL) – Shares of United Airlines have appeared in pre-market trading following an upgrade to ‘buy’ from ‘hold’ Argus. The Wall Street firm said it appreciates the airline’s plans to limit capacity, cut structural costs by $ 2 billion and restore margins to pre-pandemic levels.

Coinbase (COIN) – Shares of the new public cryptocurrency exchange plunged in pre-market trading on Friday. The weakness came despite another confidence vote from popular investor Cathie Wood, whose stock Ark Invest bought about $ 110 million on Thursday.

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– with reporting from CNBC’s Pippa Stevens, Jesse Pound and Tom Franck.

Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC.

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