Stocks in the news: JPMorgan Chase, Harley Davidson, CIT Group


The following post rounds up the companies making headlines today:

JPMorgan Chase & Co. (JPM) second-quarter profit of $2.72 billion, or 28 cents per share easily surpassed expectations of 4 cents per share as profit was buoyed by strength in its investment banking business. Shares declined about 2 percent at the start of trading.

Harley Davidson Inc. (HOG)'s profit tumbled 91 percent to $19.8 million, or 8 cents per share, far below estimates of 24 cents a shares as revenue declined 27 percent. The company also said it is cutting 1,000 more employees. Shares climbed over 6 percent half an hour into the session.