Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
See which stocks are posting big moves after the bell on July 17.Market Insiderread more
"It's clearly doing more harm than good," the "Mad Money" host says. Instead Facebook should buy Square for $70 billion and expand the payments network worldwide.Mad Money with Jim Cramerread more
Silicon Valley workers say they gravitate toward Yang, who is running for president as a Democrat, because of his approach to research and understanding of tech's moral...Technologyread more
Prosecutors in Masschusetts have dropped a criminal case against actor Kevin Spacey, who had been accused of groping an 18-year-old man.Entertainmentread more
"The passport contains numerous ingress and egress stamps, including stamps that reflect use of the passport to enter France, Spain, the United Kingdom, and Saudi Arabia in...Politicsread more
Loup Ventures founder Gene Munster told CNBC's "Fast Money" on Wednesday that Netflix's disappointing second quarter results are a turning point for the company, saying the...Technologyread more
Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
Wall Street's biggest financials may post better results than expected this earnings season, as banks like JPMorgan Chase attempt to ramp up loans sales in the face of ultra-low interest rates, a well-known analyst told CNBC.
JPMorgan was among the first major banks to post second-quarter results, reporting earnings on Thursday that easily beat expectations.
"I think what JPMorgan did was change its strategy this year from what it had been over the last couple of years, in that it started pushing the sale of loans much more aggressively and that showed up in their earnings and I think that you might see the same thing with other banks," Dick Bove of Rafferty Capital Markets said on Friday.
JPMorgan reported quarterly earnings of $1.55 per share on Thursday, versus a consensus estimate of $1.43. Average core loans were up 16 percent year-on-year.
Net-interest income was $11.7 billion, up 6 percent on the year before, with part of that increase driven by loan growth, JPMorgan said in its earnings report.
Bove told CNBC that investors were underestimating banks' ability to thrive.
"There seems to be a lack of understanding that banks sell products. In other words, they sell loans and they sell loans at a price and that price is interest rates. And therefore, what you have is an industry that is being analyzed on the price of the product, without the volume of the product being even though about," he told CNBC on Friday.
After Bove spoke, U.S. Bancorp posted second-quarter earnings per share of 83 cents, above the 80 cents forecast by a Reuters poll. Its average total loans grew by 8.1 percent on the year before. Net interest income increased by 4.5 percent year-on-year.
Follow CNBC International on and Facebook.