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Spanish banks like Santander [STD
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] 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 [FHN
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], Huntington [HBAN
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], Whitney [WTNY
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] and Synovus [SNV
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] 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.
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