TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says Deutsche Bank (DB) - Get Report misread its legal issues with the U.S. Justice Department. "The whole time they underestimated the power of the Justice Department," Cramer said. "They should have been looking at what happened with JPMorgan (JPM) - Get Report , Bank of America (BAC) - Get Report and Citi (C) - Get Report ." Cramer pointed out that JPMorgan paid $13 billion in fines, but built its reserves to $28 billion. Deutsche Bank has just $6 billion set aside for legal fines, according to news reports.
Nike Set For Record High After Earnings Blowout, $50 Billion Sales Forecast
Surging fourth quarter gross margins and record overall sales offset a modest slump in China and look to push Nike shares to a record high at the opening bell Friday.