Jim Cramer on Deutsche Bank: Germany and Turkey Have Close Ties

TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said Deutsche Bank is a challenged institution.
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TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said Deutsche Bank (DB) - Get Report is a challenged institution.

The stock, which is down 40% so far this year, was dinged again in recent sessions amid Turkey's economic woes.

"The two countries [Germany and Turkey] are very close," Cramer noted. "So let's think twice about necessarily bottom fishing with Deutsche Bank."

Deutsche Bank is Real Money's stock of the day.