Please enjoy this free sample of our premium content featuring Jim Cramer. To get all of Cramer's premium content free for a limited time, please register here.NEW YORK ( RealMoney) -- Better balance sheets. That's what seems to be motivating the move in the banks. They have been cleaning up their losses and taking them. They have built capital. They are in the opposite shape of the European banks. And they are making for crummy shorts for the moment, if hedge funds are making bets against them because they can't short European banks. Let me say point blank that a better balance sheet is not enough to own a bank. You need earnings, real earnings based on net interest margins on loans and on banking fees. You need revenue growth to show that there's a better demand for loans out there. You need some how to be able to build a model for earnings.
|Cramer: a better balance sheet is not enough to own a bank. You need earnings, real earnings, and we still don't have it.|