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EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Cramer: Making Sense of the Bank Surge

Now, banks do not make money carrying homes. None of them do. Homes are extremely costly to maintain, and there's also a terrible legal cost to the process. But what matters is the ease with which these homes can now be sold, and they can now be sold with no problems, and at much higher prices than what banks had thought possible even a year ago. If there is an adjustment in the consumer's thinking about how rates aren't going to go down much more, and if they're now thinking it is time to buy, then you are going to see better numbers on mortgages in 2014. At the same time, you will also see much better reserve reversals that will continue to add to the bottom line.

I think that's the story: bad loans going to good, simultaneous with the possibility of a stronger economy actually generating some loan growth away from mortgages.

It makes sense. Or, at least, it gives you some rationale for the strength of a group that realistically should be coming down because the earnings might not be coming through.

Random musings: Sure, like everyone else, I was disappointed with Apple's (AAPL) offerings. Turns out, once again, Intel (INTC) should have just bought ARM Holdings (ARMH) -- the real winner in yesterday's announcements.

At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long WFC and AAPL.

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