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J.P Morgan is soaring on earnings, and its rivals won't be able to catch up, says expert

Lizzy Gurdus

Financial giants J.P. Morgan JPM and Wells Fargo WFC kicked off earnings season on Friday, both issuing better-than-expected results. "J.P. Morgan has set an unbelievable tone," Quint Tatro, managing director of Joule Financial, said Friday. "I think we're going to see that from more of the consumer-focused banks, but I don't think that they're going to reach nearly the levels that J.P. Morgan did.