Jim Cramer: J.P. Morgan Earnings Beat Raises Bar for Other Banks
JPMorgan beat Wall Street's earnings forecast in Q1 despite lower trading and investment banking revenue, says Jim Cramer.
JPMorgan (JPM) - Get Report beat Wall Street's earnings forecast in the first quarter despite lower trading and investment banking revenue, said TheStreet's Jim Cramer. He said J.P. Morgan's successful report raises the bar for fellow money center banks Bank of America (BAC) - Get Report and Wells Fargo (WFC) - Get Report when they report quarterly results tomorrow.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
