Are Any U.S. Banks 'Crushing It' in Earnings?

The video discusses the recent rally in banking stocks, highlighting JP Morgan's earnings as a key factor. Despite challenges like reduced earnings and revenues, banks are focusing on expense cuts. Earlier pessimism led to a bear market, but recent trends suggest a potential recovery. The discussion concludes with a hopeful outlook for the banking sector.

How did the market react to the earnings estimates for the big banks?

What is the overall sentiment regarding the pessimistic outlook for banks?