Cramer's Mad Dash: US Bancorp

Al Kramer's mad dash watching the stress test from last night. Yeah, I mean, they really were pretty much neutral US bankrupt. JP Morgan says they may have to raise equity. I'm not sure about that. But that will be the one that will be under pressure. By the way, this is on credit card. Now I know some people were saying that Wells Fargo, which is owned by my trust is also has credit card problem. I don't believe that is true. And as a matter of fact, I think that that Charlie Sharp is the guy who's going to buy the most stock back. So let's not be confused. This is the one that I think may have to do some capital raise. I don't know how to do it. But remember it's up very nicely this year. And so I don't with the main point I want to make is this. Process where you honor some people were very worried that they would have major impact and they did not. Maybe the bigger news is Jeffries quarter last night, capital markets revenue up 24. Look, I think that people have to recognize that there is there's a lot of belief that the second-half is going to be good. We have a couple of notes that are talking about how there's going to be major changes now. There's a debate tonight. There is one candidate who is so pro anything that converge. I mean, you could just walk down the street and someone can merge with you. And then there's another candidate, President Biden, who who, who's FTC and Justice Department are so opposed to mergers that it's a little bit staggering. So understand that we could use some banks that will merge. Morgan Stanley talks about a return to M&A. We're not allowed to merge banks right now in this country. Everybody has too much except for the little guys. I think that change.