JPMorgan Chase (JPM) reported first quarter earnings this morning. Despite profit being 10 percent lower than last year at $2.14 billion, or 40 cents per share, it topped estimates of 32 cents per share, according to Thomson Reutersthanks to rising deposits and lower borrowing rates. JPMorgan's loans are still seeing defaults increase with credit costs that amounted to $10 billion, but the bank didn't post a quarterly loss since the credit crisis began. JPM shares gained over 3 percent before the bell.
Nokia Corp. (NOK) reported Thursday 90 percent decline in first quarter profit as demand for mobile phones continued to weaken as sales fell 27 percent to euro9.3 billion ($12.2 billion). The results met expectations. Still, shares surged 11.5 percent in pre-market trade as it maintained previous estimates about the industry.