Jim Cramer Says Pull the Trigger on BofA at $14 a Share

Bank of America posted a smaller-than-expected per-share loss on Wednesday. Jim Cramer says the bank is doing much better than he thought. He says it's doing better because most of the businesses are firing on all cylinders and with litigation behind them this is a different animal. However, Cramer says, if interest rates go higher they make a lot more money but interest rates are going lower so they won't make as much. He says watch the yield curve, watch the 30-year, watch the 10-year and you'll know why BofA is not going up on a very good quarter. But don't panic Cramer says, one day we'll have higher interest rates again and then BofA will be terrific. Cramer adds that if it goes to book value, which is $14 a share, that's when you pull the trigger.

undefined