Jim Cramer: With Rising Rates, Citigroup and JPMorgan's Valuations Are Low

As the 10-year yield moves back above 3%, TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said the valuations for Citigroup and JPMorgan Chase are "ridiculously low."
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As the 10-year yield moves back above 3%, TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said the valuations for Citigroup (C) - Get Report and JPMorgan Chase (JPM) - Get Report are "ridiculously low."

Both stocks are holdings of Cramer's charitable trust Action Alerts PLUS.