WFC - Jim Cramer Says He Likes Earnings From These Big Banks 'So Much' — Here's Why | Benzinga
With big bank earnings now in the rearview mirror, CNCB Mad Money host and stock picker Jim Cramer on Wednesday weighed in on which of them impressed him the most.
What Happened: Cramer was impressed with the earnings reports of Goldman Sachs Group, Inc. (NYSE:GS) and Morgan Stanley (NYSE:MS). He added the name of Wells Fargo & Co. (NYSE:WFC) in the same breath.
Cramer premised his picks based on the fee income these banks generated rather than on the net interest income. Fees include income generated from equity and debt underwriting, as well as advisory and asset & wealth management fees. Net interest income, on the other hand, is the difference between the money the banking operation receives on the loans it extends and the money it owes to ...