Editor's note: This article originally appeared at 9:11 a.m. on Nov. 25 on Real Money, our premium site for active traders. To get great columns like this from Jim Cramer and other top columnists earlier in the trading day, click here.

How remarkable are the runs in Action Alerts PLUS portfolio holding Citigroup (C) and Goldman Sachs (GS) ?

I would contend nowhere near remarkable enough. Here's why. Right now, the stock of Goldman Sachs is at $212. But in June of 2015 it was at $219.

Right now, Citi is at $56 but in July of 2015 in was at $60.

Almost every other bank has taken out those highs from last year. Most are truly up, up, and away from back then.

Yet Goldman Sachs and Citigroup have a lot more going for them now than they did back then.

Citigroup is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells C? Learn more now.

First, we are far closer to the multiple rate hike scenario now than we were when they took out these levels last. Both companies have tremendous leverage to the short rates, less than Bank of America (BAC) , JP Morgan Chase (JPM) or Action Alerts PLUS holding Wells Fargo (WFC) , but totally additive to shares.

Second, Goldman Sachs is often considered to be the biggest loser under Dodd-Frank because it severely limited what it could and couldn't do with its capital. I have always thought that Goldman figures it out no matter what, it just takes some time to adjust. Now, it has not only figured it out, but it has cut costs dramatically just when revenues are going to increase and regulation is going to slow or be repealed.

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