Check out which companies are making headlines before the bell:
JPMorgan Chase (NYSE: JPM) — The bank posted quarterly profit of $1.55 per share, 12 cents a share above estimates. Revenue also exceeded forecasts. The results were helped by the unexpected increase in revenue compared to a year ago, as well as lower expenses.
Delta Air Lines (NYSE: DAL) — Delta beat estimates by five cents a share with second-quarter profit of $1.47 per share. Revenue was very slightly shy of Street projections. Delta's results were helped by lower fuel prices. Separately, the airline is cutting capacity in routes between the U.S. and U.K., based on economic uncertainty from the Brexit vote and the drop in the British pound.
BlackRock (NYSE: BLK) — The asset manager matched estimates on both the top and bottom lines, with profit of $4.78 per share and revenue of $2.804 billion. The results come amid an investment environment that CEO Larry Fink said presents "unprecedented challenges" to clients.
Cree (NASDAQ: CREE) — The maker of lighting and semiconductor products sold its Wolfspeed division to German chip maker Infineon for $850 million in cash. Cree had previously announced plans to separate Wolfspeed, which makes power and radio frequency semiconductors.
Line Corp. (Tokyo Stock Exchange: 3938.T-JP) — The Japan-based messaging app makes its New York Stock Exchange debut today after pricing its initial public offering at the top of the projected range. It will also debut on the Japanese market tomorrow.
Yum Brands (NYSE: YUM) — The restaurant chain beat estimates by a penny a share, with adjusted quarterly profit of 75 cents per share. Revenue did miss and its widely watched China comparable-store sales number was flat, but that flat performance represented a rebound. The parent of KFC, Pizza Hut, and Taco Bell also raised its profit growth outlook.
J.M. Smucker (NYSE: SJM) — The food producer raised its quarterly dividend by 12 percent, to 75 cents per share from the prior 67 cents a share. The dividend is payable on September 1 to shareholders of record on August 12.
UBS (Swiss Exchange: UBSG-CH) — UBS retained its position as the world's biggest private bank in 2015, according to a study by research firm Scorpio Partnership — that was despite a one percent drop in managed assets last year.
Volkswagen (XETRA: VOW3-DE) — The automaker saw its proposed recall plan for certain diesel vehicles rejected by California regulators, who said it was incomplete and deficient in a number of areas. However, the state said it would work with VW to reach a resolution.