TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer said Bank of America has better technology than Wells Fargo and JPMorgan Chase . ‘They just crossed 20 million cell phone bankers,’ Cramer said. ‘You can’t justify having all of those bricks-and-mortar operations – but they are adding to digital.’ On Wednesday, reports suggest the bank is about to cut 8,000 jobs, which include tellers at its physical locations and back-office personnel. Cramer said Bank of America’s move is a matter of putting resources in the places where millennials flock to.
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