Jim Cramer explains why JP Morgan, Citigroup, Goldman Sachs and Bank Of America have become investable again.
"Let's just say that they've become a lot more attractive, here, after this week," he said. "These are extraordinary profits. When you make that much money, you stock deserves to trade at a higher valuation than they certainly have been getting before did before these numbers."
Citgroup: It's a buy with better-than-expected revenues and earnings, and trading for 9.3-times this year's earnings estimates with a 2.5% yield, he said. Bank of America: The company's revenues and earnings are consistent and it's a money machine, making it a buy at 10.4-times this year's earnings estimates, he said.
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