Bank stocks still need to prove themselves despite the bounce in today’s market, said TheStreet’s Jim Cramer. He said banks benefit from a weak dollar and higher oil prices. J.P. Morgan can be a long term winner when viewed through that prism, but the market’s current focus on net interest margin and that is holding the shares back. He said Citigroup is more attractive than J.P. Morgan on the basis of book value. Cramer said the sector is so hated that if the banks can sustain this rally then any group can.
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