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Jim Cramer's Stop Trading! Buy SunTrust

Cramer defends Bank of America chief Ken Lewis.



(STI) - Get Report

, Jim Cramer said Thursday on CNBC's Stop Trading! segment.

Cramer said solid results out of the Atlanta bank and some other second-tier institutions such as


(PNC) - Get Report


Bank of New York

(BK) - Get Report


State Street

(STT) - Get Report

show that "not every bank is going down."

Cramer also defended

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Bank of America's

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chief despite Thursday's 31% drop in third-quarter earnings, saying, "I believe in Ken Lewis." He pointed to the bank's solid China investments and said BofA's results were pulled down by huge writeoffs in home equity loans -- an area that was "a disaster for everybody" across the sector, Cramer said.

Cramer said

JPMorgan Chase

(JPM) - Get Report

chief Jamie Dimon did less of a bad job than other bank CEOs, but he dismissed that comment as "damning with faint praise."

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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