What Do JPMorgan Chase's Results Mean for Bank of America?

With JPMorgan Chase (NYSE: JPM) reporting earnings on Friday morning, we can start to get a sense for how Bank of America's (NYSE: BAC) quarter unfolded as well, the actual results of which are due out on Tuesday.

There are three things in particular that are worth taking away from JPMorgan Chase's performance if you're trying to read the tea leaves for other banks.

The most important takeaway from JPMorgan Chase's results is that the bank exceeded analysts' expectations. This bodes well for Bank of America, given the significant similarities in their business models.

Source: Fool.com