RealMoney Radio Mailbag: Bank of America Not the Best

Editor's note: The following are questions received from listeners of "RealMoney Radio." To send Cramer a question about topics from his radio show, click here. Listen to Cramer's latest radio show by clicking here.

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How do you feel about Bank of America (BAC Quote)?

-- Steve from California

James J. Cramer: I like Bank of America here, but I would rather see investors in JP Morgan Chase (JPM Quote) or Wells Fargo (WFC Quote), which I own for my charitable trust, ActionAlertsPLUS. The banks are looking a lot more attractive right now that the Fed may be slowing down, so I do recommend that investors with no financial exposure pick up a bank.

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Is Research In Motion (RIMM Quote)(RIMM:Nasdaq) a buy?

-- Joanna from Massachusetts

James J. Cramer: Actually, I don't like Research In Motion at all. Even if you throw out all the legal issues, I think the competition is really heating up for RIMM, and prices are going to come down. Everyone from Motorola (MOT Quote) to Palm (PALM Quote)(PALM:Nasdaq) to Samsung is putting out new smart phones, and it looks like we'll have a case where the consumers end up the winners because they have so much choice. The BlackBerry just won't stand out enough to keep consumers paying premium prices.

At the time of publication, Cramer was long Motorola.

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