JPMorgan kicked off earnings season for bank stocks on Wednesday morning, when the company surprised investors by beating on top and bottom line estimates.
However, TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio, doesn’t believe the bank’s results will be a precursor as to how some of the other banks will fare this quarter.
Specifically, he’s referring to Bank of America and Wells Fargo, which are both scheduled to report earnings before the open on Thursday.
