Jim Cramer: How Bank Earnings and Powell Play Into Wednesday's Rally

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Markets traded higher in intraday trading Wednesday as investors awaited testimony from Federal Reserve chair Jerome Powell.

In addition, the banks were in focus as investors weighed quarterly earnings from the majority of Wall Street.  After earnings from JPMorgan Chase  (JPM) - Get JPMorgan Chase & Co. (JPM) Report and Goldman Sachs  (GS) - Get Goldman Sachs Group, Inc. (GS) Report Tuesday, Wednesday saw reports from Wells Fargo  (WFC) - Get Wells Fargo & Company Report, Citigroup  (C) - Get Citigroup Inc. Report and Bank of America  (BAC) - Get Bank of America Corp Report

Jim Cramer breaks down how the banks and Powell played into Wednesday's market rally.

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