TheStreet.com RealMoney

Make a Stand in BAC

By Jim Cramer

 About this article:
 Bank of America kitchen-sinked everything with this earnings report. Sure, it messed up in trading. Its home-equity loan book is ugly. Management didn't do a good job. But it has also actually attempted to put things behind it, which is more than I can say for Washington Mutual. I think the amazing thing about Bank of America is how much it made even after how bad things are. This is indeed a big earner. And don't forget that it has a big investment in China: It put in $3 billion, now worth $18 billion. That's not illusory. Go ask Alcoa, which was able to bank its Chinese investment. This one's not as bad as it seems. I would make a stand right here. Random musings: As I mentioned earlier in the week, Schwab was E*Trade without the credit risk. E*Trade is valiantly putting the problems aside, but it ain't...

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