Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla,

on the opening bell hour of CNBC Squawk on the Street. Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer at Post 9 of the New York Stock Exchange. David Faber is the morning off. Futures are holding their gains, despite the worrisome headlines out of Israel and Gaza. You can thank a steady series of beats today.

J.P. Morgan City, Wells, UNH.

Speaking of Ernie, despite the worrisome headlines out of Israel and Gaza, you can thank a steady series of beats today.

J.P. Morgan City, Wells, UNH.

Speaking of earnings, Black Rock's Larry Finkel join us here after the opening bell.

Roadmap begins with the banks, topping estimates pretty much across the board.

We'll dig into that.

The Microsoft Activision deal officially done as Britain's watchdog gives the green light.

And Boeing is the biggest drag on the Dow expanding their probe of this production defect on the max.

Let's begin, though, with the banks, Jim.

Overall, not just the beats, some of the commentary about investment banking efficiency ratios look good.

Yeah, it's funny because obviously this group came in as cold as I've ever seen it.

What a change from even earlier this week when Pepsi came in hot and then rolls over.

I mentioned that because that was the first big quarter.

These quarters, when you listen to them,

you forget how much money they can make in this environment. And then you start thinking,

you know what, these things are seven, eight, nine, ten times earnings. They're trading like steel mills,

and they're really filled with a lot of smart people who are doing a lot of good things who show

you they can make a lot of money without underwriting, without M&A. So, you know, there's kind of going to be a bit of a revaluation here, recognizing that this group had become, when really went to the bottom of the list of what people wanted to own. And now you're starting to think, wow, you know what, they have good efficiency ratios. They're making a lot of money in a very difficult environment. What happens if the environment gets better? And I think the stock, the JP Morgan when I came in was down 70 cents. So I'm like reading it all in a vacuum and I'm saying, well, maybe I don't see anything wrong. And then in the Combs School they come on and they come on like gangbusters with, you know, C like gangbusters. With, you know, the caveat international problems, they're making a lot of money. Now, let's see if it lasts. I mean, I happen to like Charlie Sharp, my Chapel Trust owns Wells Fargo, and I saw the stock was up. And I said, well, I mean, that's got to be an error. I mean, you're kidding me? Yeah. But then Charlie bought back a couple of million. I would like buy a couple million shares. But what he did was have his expenses down and his revenue's up. I mean, it's kind of a classic form of what you're supposed to do. And I think that Charlie, I know Charlie doesn't come on. I wish he would. I think people

need to know who Charlie Sharp is. Because Charlie Sharp, while he can be very dogmatic about,

like, say, your manners. He's not, he's delightful about banking. You know him well. That is sort of

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