Jim Cramer: Buy Bank of America if You Think a Rate Hike Is Coming
If you think a rate hike is on the horizon, buy shares of Bank of America, according to Jim Cramer.
If you think a rate hike is on the horizon, buy shares of Bank of America (BAC) - Get Report , says TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer. He is also fond of CEO Brian Moynihan. Bank of America reports third quarter earnings on Monday before the opening bell. The markets are pricing in a roughly 60% chance of a Fed rate increase in December.
