Jim Cramer: U.S. Banks Are the Place to Be
Stick to U.S. banks, according to Jim Cramer.
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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