JPMorgan hareholders Charlie Bobrinskoy, Ariel Investments, and David Katz, Matrix Asset Advisors, react to CEO Jamie Dimon's interview with CNBC's Jim Cramer.
Former Massachusetts Congressman Barney Frank shares his reaction following JPMorgan CEO Jamie Dimon's positive comments about new banking regulation.
Former SEC Chariman Harvey Pitt, Kalorama Partners, gives reaction to JPM CEO Jamie Dimon's interview and discusses the benefits of Dodd-Frank and Basel 3, which he says will do a better job keeping banks in line.
Oil rose to $109, led by the biggest surge in gasoline futures in four months as a string of refinery outages stoked concerns about fuel supplies in the U.S. summer driving season.
CNBC's Jim Cramer speaks with JPMorgan's CEO Jamie Dimon after the bank reports earnings for Q2. Dimon says "rates going higher is a good thing." He feels "small business will recover with the economy" and "the United States is the best economy the world's ever seen."
CNBC's Mary Thompson reports former Goldman Sachs employee Fabrice Tourre is denying any wrongdoing. CNBC will be covering the trial for the former Goldman vice president Monday morning.
CNBC's Kayla Tausche reports on banks before the bell.
Shareholders of JPMorgan Charlie Bobrinskoy, Ariel Investments; and David Katz, Matrix Asset Advisors, give insight on what shareholders want to hear from the company's earnings report.
Laszlo Birinyi of Birinyi Associates discusses the markets ahead of JPMorgan earnings. Laszlo says people do not take advantage of what rallies to sell.
UPS estimated second-quarter profit below analysts' expectations, hurt by overcapacity in the global air freight market and a slowing U.S. industrial economy.
The shipping and delivery company and smaller rival FedEx Corp are considered economic bellwethers because of the high volume of goods they move around the world. UPS shares were down 5 percent in morning trading, while FedEx fell 1.6 percent.
"I think Wells Fargo reported a great quarter," said David Hilder, Drexel Hamilton analyst, providing perspective on the big bank's earnings beat, as shares slipped before the opening, following the news.
*UPS shares fall 5 pct premarket, FedEx down 2 pct. Shares of rival FedEx Corp fell 2 percent. UPS and FedEx, the No.2 package shipper, are considered economic bellwethers because of the massive volume of goods they move around the world.
*JPMorgan profit jumps in quarter. NEW YORK, July 12- U.S. stocks were set to open little changed on Friday after closing at fresh record highs a day earlier, as rosy results from JPMorgan and Wells Fargo were offset by a profit warning from United Parcel Service. JPMorgan Chase& Co, the largest U.S. bank by assets, advanced 0.4 percent to $55.35 in premarket trading.
July 12- JPMorgan Chase& Co posted a 31 percent increase in second-quarter earnings on Friday after underwriting income jumped and bond market trading revenue rose. Those trades have since been switched over to JPMorgan's investment bank.
July 12- Wells Fargo& Co, the biggest U.S. mortgage lender, reported a higher-than-expected 20 percent rise in quarterly profit on Friday as it set aside less money to cover bad loans.
July 12- United Parcel Service Inc, the world's No.1 package delivery company, estimated second-quarter profit below analysts' expectations, hurt by overcapacity in the global air freight market and a slowing U.S. industrial economy. UPS said it expects to report second-quarter earnings of $1.13 per share.
*China may see growth well below 7 pct in second half. LONDON, July 12- Brent oil rose to above $108 a barrel on Friday, supported by lower inventories in the United States, and as firm results from JPMorgan and Wells Fargo lifted investor appetite for risk.
The fourth-biggest U.S. bank's net income applicable to common stockholders rose to $5.27 billion, or 98 cents per share, from $4.40 billion, or 82 cents per share, a year earlier.
Some of the names on the move ahead of the open.