Skip to main content

It might be time to buy the banks, Jim Cramer said on


"Stop Trading!" segment Monday.

Cramer isn't sure that all financial stocks are sells right now. "

Nat City

( NCC) yields 9%. ... Don't overlook the fundamentals."

"My temptation is to say everybody's going to sell," Cramer added. "Maybe you have a tradable rally in the largest stocks in the world, because everyone is going to sell. ... with these stocks where they are right now ... it's probably worth it to take a stand on these."

Cramer said things may be "good, not bad," for the financials. He pointed out that with CEO John Stumpf, whom Cramer believes in,

Wells Fargo

(WFC) - Get Free Report

should recover well.

Cramer also reaffirmed his support for new

Merrill Lynch

( MER) CEO John Thain, calling him the "man to watch at Merrill." Cramer said he was excited to see that Thain brought back Jeffrey Kronthal, who was ousted from Merrill in 2006 "because he didn't want to do a lot of subprime."

"I'm liking Thain and Kronthal," Cramer said. "Dip into banks."

At the time of publication, Cramer had no positions in any of the 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

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here. has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from