JPMorgan (JPM) - Get Free Report and Goldman Sachs (GS) - Get Free Report led the banks in reporting earnings with results from Morgan Stanley (MS) - Get Free Report, Citigroup (C) - Get Free Report, Wells Fargo (WFC) - Get Free Report and more expected later this week.
Watch: 4 Things Jim Cramer Wants to Hear When the Big Banks Report Earnings
JPMorgan Chase
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
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
Hear what Jim Cramer is only telling members of his Action Alerts PLUS investing club in Tuesday's Daily rundown.