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Jim Cramer: U.S. Banks Are the Place to Be

Stick to U.S. banks, according to Jim Cramer.
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Stick to U.S. banks, according to TheStreet's Action Alerts PLUS Portfolio manager Jim Cramer. "The U.S. banks are the place to be," he says. "We think Citigroup (C) - Get Citigroup Inc. Report has the greatest disparity between its book value and where it is now." Cramer is getting more comfortable with Wells Fargo (WFC) - Get Wells Fargo & Company Report - if the Fed raises rates, Cramer said investors may forget exactly how egregious its cross-selling issues were. The major U.S. banks, according to their latest earnings reports, were lifted by a surge in bond trading revenue.

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