Jim Cramer Says Buy PayPal Over Square

Katherine Ross

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. 

Wells Fargo (WFC) - Get Report reported a net income of $653 million, or 1 cent a share, for the first quarter vs. $5.9 billion, or $1.20 a share, in the comparable year-earlier quarter.

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.

Catch up on the Latest Videos on TheStreet!

LIVE WITH JIM CRAMER - WATCH THE REPLAY
Enter your email to register or login. Registration information may be shared with advertising partners in accordance with our Privacy Policy.