Care About the 'Unprecedented Level' of Bank Merger Activity, Advises Jim Cramer

"The bank stocks are going to have an unprecedented level of merger activity but no one will really care. That's a mistake," warned Jim Cramer on his exclusive members-only Action Alerts Plus call Feb. 13. 

The warning was included in his five themes for this market on the call.

He continued, "These moves, more than anything else, could actually impact Goldman Sachs (GS) , which will be able to profit from the M&A and the diversion of resources to that high margin segment of the firm's business. The IPO market will make Goldman a winner, too. As long as it stays below tangible book value, right around here--and remember we bought more just a few days ago- it remains one of my favorite stocks."

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