NEW YORK (TheStreet) -- Shares of BlackBerry (BBRY) are up by 1.61% to $7.28 in early afternoon trading on Tuesday, despite reports that JPMorgan (JPM) plans to eliminate support for the company's wireless devices next year, according to the Wall Street Journal.

Some JPMorgan employees will now have to pay for their own devices in a cost cutting move that could potentially save the country's largest bank tens of millions of dollars annually, sources told the Journal.

BlackBerry's mobile devices have been losing their prior prestige as Android and iPhone devices have dominated the mobile market in recent years.

The company's market share was 0.4% in 2014 compared to 81.5% for Android (GOOGL) and 14.8% for the iPhone (AAPL).

Meanwhile, JPMorgan is looking for ways to cut costs as the Fed's decision to keep interest rates near zero have hurt the company's loan operations this year.

TheStreet has additional coverage of JPMorgan's earnings release here.

Separately, TheStreet Ratings team rates BLACKBERRY LTD as a Sell a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

We rate BLACKBERRY LTD (BBRY) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself.

Highlights from the analysis by TheStreet Ratings Team goes as follows: