JPMorgan (JPM) - Get JPMorgan Chase & Co. (JPM) Report and Goldman Sachs (GS) - Get Goldman Sachs Group, Inc. (GS) Report led the banks in reporting earnings with results from Morgan Stanley (MS) - Get Morgan Stanley (MS) Report, Citigroup (C) - Get Citigroup Inc. Report, Wells Fargo (WFC) - Get Wells Fargo & Company Report and more expected later this week.
JPMorgan reported earnings per share of $3.78, up 174% from the same period last year and exceeding the consensus forecast of $3.18 per share. Revenue of $31.4 billion also surpassed analysts' estimates of $29.9 billion.
Goldman Sachs blew away analyst estimates with earnings per share of $15.02 on revenue of $15.4 billion.
In the video above, Jim Cramer said that Goldman Sachs is the stock to buy out of the two names, but you'll want to wait before you pull the trigger.
Recap TheStreet Live: Everything Jim Cramer Is Watching 7/13/21