A potential Fed rate hike will boost the big banks and that is keeping investors in J.P. Morgan and Citigroup ahead of earnings this Friday, said TheStreet’s Jim Cramer. JPMorgan Chase overtook Wells Fargo as the largest U.S. bank by market capitalization in September, at $248.3 billion, after Wells shares sank amid a bogus accounts scandal. JPMorgan Chase, whose shares climbed slightly Wednesday to $68.40, is expected to report earnings of $1.35 a share on revenue of $23.9 billion. CItigroup may report higher-than expected-expenses in the third quarter after announcing a four-year, $1.5 billion investment in Mexico in October. Citigroup is expected to post earnings of $1.16 a share on sales of $17.3 billion on Friday.
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