CNBC's Jim Cramer on Monday reviewed quarterly reports from two of the biggest names in the financial sector, JPMorgan and Wells Fargo. He said he was excited by both banks' performance and suggested their success means earnings season will bring more positive news.

Earnings season kicks off in earnest Friday with the first results from major banks: JPMorgan and Wells Fargo. MarketWatch will be breaking down the expectations and results.

Wells Fargo's profit beat analysts' expectations in the third quarter, helped by resilience in wealth management and lower provisions for credit losses, which sent its shares up 3.5% before the bell on Friday.

Key Takeaways Wells Fargo shares rose roughly 6% Friday morning following the release of third-quarter results that beat analysts' consensus estimates.Revenue and profit fell year-over-year, but not by as much as analysts anticipated.