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Big banks certainly weren't spooked on Friday the 13th.

JPMorgan Chase & Co. (JPM) - Get JP Morgan Chase & Co. Report , Citigroup Inc. (C) - Get Citigroup Inc. Report and Wells Fargo & Co. (WFC) - Get Wells Fargo & Company Report each reported strong earnings beats Friday, April 13, kicking off what analysts expect to be a solid quarter for the sector.

Analysts at Keefe, Bruyette & Woods estimated the sector could report an average 28% gain in earnings per share for the quarter. The rally in earnings has been driven by stock-trading revenue and tax cuts-related benefits, the brokerage said.

KBW's estimate, coupled with early earnings beats, come on the tails of recent strength among big banks. The PowerShares KBW Bank Portfolio (KBWB) - Get Invesco KBW Bank ETF Report has rallied 3.36% this week despite a sharp market drawdown Wednesday.

Source: Yahoo Finance
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At the same time, the Financial Select Sector SPDR ETF (XLF) - Get Financial Select Sector SPDR Fund Report  this week has pushed higher by 2.61%.

Source: Yahoo Finance

Earnings are expected from Bank of America Corp. (BAC) - Get Bank of America Corporation Report on Monday, April 16, and U.S. Bancorp (USB) - Get U.S. Bancorp Report , another top KBW bank portfolio holding, reports on Wednesday, April 18.

JPMorgan and Citigroup are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells the stocks? Learn more now.