Jim Cramer’s Outlook on the Bank Stocks

Jul 24, 2011
J. Webster
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Jimmy Cramer has changed his tune on the bank stocks, at least U.S. bank (USB) and PNC Financial (PNC) that is. Take a look. He’s buying up both stocks for his charitable trust. And he likes Huntington Bancshares (HBAN) and First Niagara (FNFG). Niagra has a stolid dividend yield near 5% and Huntington just boosted their dividend from 1 penny to 4, which gave it a yield of 2.5%. Are you going to join him or is it too early to own bank stocks?

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