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out, but it has cut costs dramatically just when revenues are going to increase and regulation is going to slow or be repealed.

Citi's always been a story of burning off bad legacy assets from the old days. Every day further from the Great Recession is a better day for Citi. The last quarter pretty much put what's left in the rear view mirror, yet its stock is still below where it was.

Its tangible book value has increased by $7.0 billion since then, but its market cap has retreated by $8.0 billion -- a $15 billion swing that makes no sense. Plus, its capital markets are much more active than they were a year ago.

So even though these stocks are thought to be rocket ships post the Trump election, I think they remain relatively cheap vs. their competitors' stocks, with Citi poised to add eight points before it can even be considered remotely near the value of others in the group even as, frankly, it's better run than almost all of them.

More from Investing

Dow Futures Tank as Trade War Fears Grip Wall Street

Dow Futures Tank as Trade War Fears Grip Wall Street

Why GE's Stock Has Fallen 9% in the Last 30 Days

Why GE's Stock Has Fallen 9% in the Last 30 Days

Billionaire Investor Tim Draper Explains Why Bitcoin Will Hit $250,000 in 2022

Billionaire Investor Tim Draper Explains Why Bitcoin Will Hit $250,000 in 2022

Worries About a Trade War Could Throw Wrench Into the Tech Stock Rally

Worries About a Trade War Could Throw Wrench Into the Tech Stock Rally

5 Stock Picks Under $10 for Millennials

5 Stock Picks Under $10 for Millennials