Stop Trading!: Spanish Invasion
Spanish banks like Santander may be looking to acquire U.S. regional banks in the south and Midwest, Cramer said, citing his own sources, on Wednesday’s Stop Trading!.
First Horizon , Huntington , Whitney and Synovus are all cheaper because of the inversion of the yield curve and any one of them could be poised to be taken over by the Spanish, who are profiting from a good market and strong currency, Cramer said.
Cramer doesn’t believe any of those four banks are particularly well-run organizations, so if a foreign player – enticed by the weak dollar, Fed easing and a new deposit base – came along to clean things up, “it wouldn’t shock me,” he said.
Questions for Cramer? email@example.com
Questions, comments, suggestions for the Mad Money website? firstname.lastname@example.org