Fixed income trading was a standout in J.P. Morgan’s earnings and that stellar quarter portends well for Wells Fargo’s earnings later this week, said TheStreet’s Jim Cramer. JPMorgan Chase is higher today after it beat profit estimates for its second quarter. The bank earned $1.55 a share over the quarter, 12 cents above forecasts. Revenue rose to $25.21 billion, higher than an expected $24.16 billion. The largest U.S. bank reported a 23% surge in trading revenue during the second quarter, to $5.6 billion, driven by heavy client demand in government bonds, currencies and emerging markets.
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