It seems that the era of easy credit is over replaced by the era of the superbank.
The banks benefiting the most right now, he said, are Wells Fargo(WFC Quote - Cramer on WFC - Stock Picks), JPMorgan(JPM Quote - Cramer on JPM - Stock Picks), PNC(PNC Quote - Cramer on PNC - Stock Picks) and U.S. Bancorp(USB Quote - Cramer on USB - Stock Picks). "That's it," he said. "People will only trust having their money there until we get FDIC insurance. We are having a nationwide pullout of deposits except for at those institutions, where everyone knows they're doing well."
You also have to add Bank of America to this list as well. My money will be on JP Morgan as dominating the banking industry. The management there are low risk and high reward.
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