RealMoney Radio Mailbag: Bank of America Not the Best

A listener learns Cramer's take on bank stocks.
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Editor's note: The following are questions received from listeners of "RealMoney Radio." To send Cramer a question about topics from his radio show, click here. Listen to Cramer's latest radio show by clicking here.

How do you feel about Bank of America (BAC) - Get Report?-- Steve from California

James J. Cramer:

I like Bank of America here, but I would rather see investors in

JP Morgan Chase

(JPM) - Get Report

or

Wells Fargo

(WFC) - Get Report

, which I own for my charitable trust,

ActionAlertsPLUS. The banks are looking a lot more attractive right now that the

Fed

may be slowing down, so I do recommend that investors with no financial exposure pick up a bank.

Is Research In Motion (RIMM) (RIMM:Nasdaq) a buy?-- Joanna from Massachusetts

James J. Cramer:

Actually, I don't like Research In Motion at all. Even if you throw out all the legal issues, I think the competition is really heating up for RIMM, and prices are going to come down. Everyone from

Motorola

(MOT)

to

Palm

(PALM)

(PALM:Nasdaq) to

Samsung

is putting out new smart phones, and it looks like we'll have a case where the consumers end up the winners because they have so much choice. The BlackBerry just won't stand out enough to keep consumers paying premium prices.

At the time of publication, Cramer was long Motorola.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here

.