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Video: Jim Cramer on JPMorgan, Goldman Sachs, PepsiCo, Boeing, CPI

Jim Cramer discusses earnings from JPMorgan, PepsiCo and Goldman Sachs as well as Boeing and the latest CPI data in Tuesday's live video interview.

Markets opened lower after the June read on the consumer price index came in higher than expected. The Dow was down 11.50 points, the Nasdaq Composite was down 14.17 points and the S&P 500 was done 5.94 points. 

Jim Cramer and Action Alerts PLUS senior analyst Jeff Marks discussed JPMorgan Chase  (JPM) - Get JPMorgan Chase & Co. (JPM) Report, Goldman Sachs  (GS) - Get Goldman Sachs Group, Inc. (GS) Report, PepsiCo  (PEP) - Get PepsiCo, Inc. Report, Boeing  (BA) - Get Boeing Company Report, AbbVie  (ABBV) - Get AbbVie, Inc. Report and much more. 

Watch the full interview in the video below:

Take a Sip of PepsiCo Earnings

PepsiCo exceeded expectations across the board and raised guidance when it reported its quarterly earnings ahead of Tuesday's opening bell. 

Adjusted earnings per share came in at $1.72, up 30% from the same period last year and easily surpassing the consensus estimate of $1.53 per share. 

Revenue rose 20.5.% to $19.22 billion, beating forecasts of $17.98 billion. Beverage sales increased 24% from the first quarter of 2020 as the reopening of entertainment venues bolstered sales. 

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Bank Earnings Recap

JPMorgan and Goldman Sachs 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. 

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.

Hear what Jim Cramer is only telling members of his Action Alerts PLUS investing club in Tuesday's Daily Rundown.