Jim Cramer explains why the recent rally in bank stocks may not last
Jim Cramer on CNBC’s Halftime Report.
Scott Mlyn | CNBC
KeyCorp (KEY) reiterated its financial numbers on Tuesday, sending its shares higher – a rally that has been seen across the financial sector of late. However, the stock fell slightly after Wednesday’s open on Wall Street. That’s because, according to Jim Cramer, investor attention is focused more on large banks than smaller regional banks.
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“There is a big divide between investment banks, big money centers and the regional banks,” Cramer said, warning that the recent rally in the banking sector may not be sustainable.
Wells Fargo (WFC) and Morgan Stanley (MS) — two holdings of Cramer’s Charitable Trust, the portfolio used by CNBC Investing Club — also posted gains in recent sessions after a challenging year amid a crisis of confidence across the industry following Silicon Valley Bank’s failure in March.
Here is a complete list of stocks in Jim’s Charitable Trustthe portfolio used by CNBC Investing Club.
https://www.cnbc.com/2023/09/13/jim-cramer-explains-why-the-recent-bank-stock-rally-may-not-last.html Jim Cramer explains why the recent rally in bank stocks may not last
