JPMorgan stock could bounce back, Jim Cramer says

The article mentions that JPMorgan beat earnings and revenue but its shares fell about 4.2% after the close, and Jim Cramer said the stock often rebounds after such dips.

Jim Cramer spoke about market reactions to JPMorgan's latest results and the trading that followed. The article says JPMorgan beat earnings and revenue expectations, yet its shares fell after the close. Cramer linked the sell-off in part to CEO Jamie Dimon's cautious tone and weaker underwriting revenue. He compared the move to prior episodes when the stock later recovered. What we know: - The article says JPMorgan reported earnings and revenue above expectations while its stock closed down about 4.19%. - The article says the bank's investment banking fees fell 5% to $2.3 billion, roughly $210 million below the StreetAccount estimate. - The article quotes Cramer saying Jamie Dimon's comments and discussion of credit-card fees triggered heavy selling, and that investors should "wait a day or two" and "buy on weakness." - The article notes broader market action, with retail names gaining after signs of tame inflation and enterprise software stocks weakening while chip names such as Intel and AMD saw strength. Summary: Cramer's remarks helped frame the day's trading, where JPMorgan shares dipped despite reported beats and certain sectors moved differently. Undetermined at this time.