Sometimes, no matter how strong an earnings report, a stock just can't win in Wall Street's eyes.
"We had a strong second quarter and first half of 2019, benefiting from our diversified global business model," CEO Jamie Dimon said in a press release. "We continue to see positive momentum with the U.S. consumer -- healthy confidence levels, solid job creation and rising wages -- which are reflected in our Consumer & Community Banking results."
So why does a stock fall after better than expected earnings.
When it comes down to it, Jim Cramer said an "initial reaction is often the wrong reaction."