On Monday's "Mad Money" TV Show, Jim Cramer cautioned that there are not very many bank stocks that we can trust. He interviewed International Bancshares'(IBOC Quote) president, chairman and CEO, Dennis Nixon, who said the bank is committed to credit quality. International Bancshares accepted government TARP funds because it seemed like a "good deal" at the time, said Nixon, who indicated that the bank would rather not be associated with the program.
Cramer liked what he heard from Nixon, but he left it up to viewers whether they could trust International Bancshares or not.
On Tuesday, International Bancshares closed up 44 cents, or 6%, at $7.80.
Cramer said that people should still own gold, and he recommended Agnico-Eagle Mines (AEM Quote) and Eldorado Gold (EGO Quote). ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet