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A Wall Street Journal article said Tuesday claimed that commercial real estate loans could generate losses of $100 billion. Jim Cramer, for one, thinks that may not be such a bad thing.
With typical contrarian flare, Cramer ticked off six local banks on last night's "Mad Money" that are poised to buy up others when the housing sector bottoms out. All six stocks soared during morning trading, but settled in negative territory by midday.
FirstMerit(FMER Quote) was down 4 cents to $18.62. The company recently announced first quarter EPS of 34 cents, besting analysts' projections but below the previous quarter's 36-cent mark and the 39-cent mark from a year ago. ...
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