Bank earnings numbers were actually good, says Jim Cramer

Watch on YouTube ↗  |  January 15, 2026 at 00:24  |  2:32  |  CNBC
Speakers
Jim Cramer — Host, Mad Money

Summary

Jim Cramer reviews recent earnings from major U.S. banks, saying the numbers were strong but the stocks sold off on high expectations, cautious commentary, and political pressure on credit card debt. He discusses JP Morgan's beat, strong trading and net interest income, weak investment banking, and Jamie Dimon's geopolitical and deficit warnings. Cramer concludes JP Morgan stock will be fine, attributing the pullback to a normal breather after a big rally.

  • Cramer reviews earnings from JPMorgan, Wells Fargo, Bank of America, and Citigroup.
  • He says big bank earnings numbers were good, but shares sold off.
  • JPMorgan beat top and bottom lines excluding a $2.2B Apple card reserve.
  • JPMorgan showed 7% net interest income growth, 17% Marcus growth, and strong trading.
  • JPMorgan's investment banking was light, down 5% YoY and 11% QoQ.
  • Jamie Dimon flagged geopolitical risk and budget deficits on the call.
  • Cramer says JPMorgan stock will be fine after its 35% run and recent pullback.
Ideas
Jim Cramer Host, Mad Money 0:29
Bank earnings good, stocks sold off.
Cramer says the big national banks' reported earnings numbers were actually good, but their stocks sold off because expectations were high, commentary was cautious, and there was political pressure on credit card debt.
KBWB MED
Jim Cramer Host, Mad Money 1:57
JPM selloff is just a breather.
Cramer thinks JP Morgan stock will be fine, arguing the post-earnings selloff was mainly a breather after a 35% 12-month rally rather than a reaction to bad underlying numbers; he notes the top- and bottom-line beat excluding the $2.2 billion Apple card reserve, 7% net interest income growth, 17% Marcus growth, and strong trading, even though investment banking was light.
JPM HIGH
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This CNBC video, published January 15, 2026, features Jim Cramer discussing KBWB, JPM. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jim Cramer  · Tickers: KBWB, JPM