Cramer: Making Sense of the Bank Surge

The banks have gotten into inexplicable territory the last few weeks. There's no doubt in my mind that most of the numbers for most of the banks are now too high, given the sudden decline in mortgages and refinancing vs. any pick-up in construction loans, or any other loans, for that matter.

Plus, these behemoths typically can't cut the rolls of employees fast enough to make up for the losses in the mortgage business. They can't make it up in servicing either, although Wells Fargo (WFC) has a mighty servicing business. It's one the bank could never have been allowed to have if it hadn't taken advantage of the chaos in the U.S. financial world five years ago....537 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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