Jim Cramer breaks down Wednesday's banking hearing on Capitol Hill and explains what he's looking for when the first banks report earnings Friday.
Bankers do not necessarily have to be liked — people just have to like their numbers, CNBC's Jim Cramer said Wednesday.
Earlier, the top brass of the biggest U.S. financial institutions appeared before the House Financial Services Committee, where lawmakers grilled the CEOs with questions about the financial crisis a decade ago. "We're not in danger of another financial crisis, this Congress is too divided to pass real legislation," he said."So all we're left with is political theater, which means we can ignore Washington and focus on what's happening at individual companies."
But the host circled on his calendar the financial institutions that will report earnings later this week. J.P. Morgan Chase, PNC Financial, and Wells Fargo all report before the bell Friday.
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