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NEW YORK ( TheStreet) -- The big banks may not be out of the woods quite yet, Jim Cramer told Debra Borchardt at TheStreet.com Monday.
That's why he's investing in the regionals for his charitable trust,
Cramer said the big banks have already spent over $100 billion in fines and countless more in lawyers. But many, including Bank of America (BAC), still have plenty of lawsuits pending.That means it will likely be one step forward and another one back, said Cramer. So he prefers regionals including SunTrust (STI - Get Report) and KeyCorp (KEY - Get Report), as these banks have lagged the group but are now poised to prosper. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Scott Rutt in Washington. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC