Jim Cramer: European Banks May Be Okay
Jim Cramer says the bonds of European banks have been 'trading unchanged' throughout Brexit, a sign that the institutions are in fair shape despite sinking stock prices.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says the bonds of European banks have been 'trading unchanged' throughout Brexit, a sign that the institutions are in fair shape despite sinking stock prices. 'This means the capital situation is not nearly as dire as the common stocks would indicate, which is one of the reasons why I was not as negative as everybody else on Brexit because I looked at the fixed income side,' he said. 'The fixed income side is not that bad.'
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
