Jim Cramer: Most Big Banks Are Falling Short; Wells Fargo a Bright Spot

TheStreet's Jim Cramer says the story with the banks is very simple: interest rates aren't high enough. He says if interest rates were higher Bank of America could've made a lot of money because they have big deposit growth; Citigroup's trading desk may have done better and JPMorgan Chase clearly needs rates to go higher. Cramer says the one bank that sets itself apart is Wells Fargo. Versus the other banks, he says, Wells really delivered a fantastic and clean quarter with no regulation issues, no legal charges and a great reversal of bad loans. If you really have to own a bank, Cramer says, it's going to be Wells Fargo.