Check out the companies with the biggest pre-market moves: BlackRock — The investment management company soared more than 4.5% after reporting better-than-expected earnings. BlackRock delivered adjusted earnings per share of $13.91, beating LSEG’s expectations of $12.59, and revenue also exceeded expectations. PENTAIR — Shares fell more than 14% after the water treatment equipment maker reported preliminary second-quarter results that fell short of Wall Street expectations. The company expected adjusted earnings of $1.12 per share, well below analysts’ expectations of $1.48, according to FactSet. Morgan Stanley — Shares rose 1.5% after Morgan Stanley reported record quarterly sales and profits in its second quarter earnings report. LSEG had earnings of $3.46 per share, compared to analyst expectations of $2.94. Johnson & Johnson — Shares fell more than 1% in premarket even though the pharmaceutical giant reported better-than-expected results in the second quarter. J&J had adjusted earnings per share of $2.90 and revenue of $25.31 billion. Analyst estimates compiled by LSEG were for sales of $25.05 billion and earnings of $2.85 per share. PayPal — The digital payments platform soared 19% after Reuters reported that payments company Stripe and private equity firm Advent had proposed to buy PayPal for $53 billion. Reuters, citing two people familiar with the matter, said PayPal’s purchase price was $60.50 per share and the offer was submitted earlier this month. ASML — Shares rose 3% after the Dutch semiconductor equipment maker reported better-than-expected quarterly results and again raised its full-year outlook. The company has raised its full-year sales forecast, with the gross profit margin expected to be 54% to 56%, up from the previous forecast of 51% to 53%. IBM — The legacy technology giant rose more than 1% as it recouped some of the steep losses it suffered in the previous session. IBM plunged 25% on Tuesday, its worst day ever, after reporting disappointing preliminary results for the second quarter. Elevance Health — Shares fell 7% even though Elevance Health reported second-quarter revenue that beat consensus estimates. Elevance also raised its full-year profit forecast, slightly above expectations. M&T Bank — The regional bank rose 2% after second-quarter earnings beat expectations. M&T reported earnings of $5.32 per share, compared to the FactSet consensus of $4.66 per share. Bank of New York Mellon — Shares fell 1% even though the bank reported second-quarter earnings and revenue beats. The company also expects double-digit revenue growth in 2026, but also expects expenses to be higher than previously expected. — CNBC’s Fred Imbert contributed reporting
