Jim Cramer Says Buy PayPal Over Square
It's earnings season!
We've heard from most of the banks this week.
Here's a quick rundown of how they did:
JPMorgan Chase (JPM) - Get Report said earnings for the three months ending in March were pegged at 78 cents per share, down nearly 63% from the same period last year and firmly south of the last Street forecast of $1.99 per share.
Bank of America (BAC) - Get Report earned 40 cents a share in the first quarter, below analysts' expectations of 49 cents. Net interest income in the quarter was $12.13 billion vs. estimates of $11.74 billion.
Goldman Sachs (GS) - Get Report reported earnings for the three months ending in March of $3.11 per share, down 46% from the same period last year and well shy of the Street consensus forecast of $3.35 per share. Net revenues of $8.74 billion were modestly lower from last year but topped analysts' estimates of a $6.75 billion tally.
When asked whether or not he'd take a look at Paypal and Square after seeing earnings from the big banks, Jim Cramer said that he prefers Paypal.
Watch the video above for more.