JPMorgan Beats Big, Firing On All Cylinders; Wells Fargo Down

JPMorgan came out of the earnings gate strong, with its most significant earnings beat since the second quarter of 2014.  The bank beat earnings estimates in most every category and did so by improving revenues, not just cutting costs. Big bank JPMorgan beats other bank’s performance estimates In reporting earnings of $1.45 per share, JPMorgan beat the $1.40 per share that Goldman Sachs had forecast for the bank and the $1.42 Morgan Stanley predicted. The bank appears to be firing on all cylinders, as most revenue categories beat expectations and the stock was trading up near 2 percent after the…