Jim Cramer’s Top Takeaways: Bank of America (BAC), Wells Fargo (WFC … – TheStreet.com

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NEW YORK (TheStreet) — Did you miss last night’s “Mad Money” on CNBC? If so, here are Jim Cramer’s top takeaways for today’s trading.

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Bank of America (BACGet Report), Wells Fargo (WFCGet Report) and Citigroup (CGet Report): The banking earnings are in and Cramer offered up his suggestions for the new best of breed names in the sector.

Cramer said that Bank of America posted a nine-cent-a-share earnings beat with declining litigation costs. The stock is still cheap, he said, and $20 a share is well within reach.

Wells Fargo is both the highest quality bank, and the most expensive, but it also has the most growth potential and a 2.6% yield, which is why Cramer owns shares for his charitable trust, Action Alerts PLUS.

Finally, there’s Citigroup, the most compelling bank according to Cramer, as it trades at less than 12 times earnings, making it the cheapest of the entire sector.

Jim Cramer’s Top Takeaways: Bank of America (BAC), Wells Fargo (WFC … – TheStreet.com