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Jim Cramer Says Cross Currents Dominate Markets Tuesday

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The market was up in intraday trading with Janet Yellen facing the Senate Finance Committee as she waits to be sworn in as the U.S. Treasury Secretary under President-elect Joe Biden's administration.

And we heard from more banks. 

Goldman Sachs beat earnings expectations Tuesday.

The company reported earnings that came in at $12.08 per share, nearly triple the tally from last year and firmly ahead of the consensus forecast of $7.47 per share. Group revenues rose 17.8% to $11.74 billion, again beating analysts' forecasts.

And Bank of America posted earnings that came in at 59 cents per share, down 21.3% from the same period last year but 4 cents ahead of the consensus forecast. Group revenues fell 10.6% from last year to $20.1 billion, coming in just shy of analysts' estimates of a $20.7 billion tally.

Watch: Everything Jim Cramer Is Watching in the Stock Market Tuesday

Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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