While the current atmosphere may be difficult for international banks, the smaller domestic regional banks are doing just fine, Cramer said. One example is First Horizon National Corp, the Tennessee regional bank with more than 200 branches spanning the south.
This stock has provided a 35 percent return with reinvested dividends in the past two years. To find out more about the quarter, Cramer spoke with the CEO of First Horizon National, Bryan Jordan.
"We're sort of standing there with a fresh, wide open balance sheet. We have the ability to win relationships, to book new business. And we got a great calling team. So I'm optimistic we're going to see a lot of momentum over the next couple of quarters to two years in Texas," Jordan said.
Another bank with some major banking news is Cramer fave City National. This is a boutique business bank that is based in Los Angeles with a wealth management division catered to high net-worth clients.
City National recently announced that it will be acquired by Royal Bank of Canada for $5.4 billion. That is a 26 percent premium and marks the second largest U.S. banking acquisition since the financial crisis.
For details, Cramer spoke with City National CEO Russell Goldsmith.
"We were not looking to sell the bank. We didn't have it up for sale, but sometimes you got to seize the opportunity," said Goldsmith. "And when we got approached by RBC, over time, Dave McKay is very persuasive, and we saw the wisdom of his strategy. And this just was, I think, a perfect, perfect combination. Not just for our shareholders but for our colleagues here in the bank."
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Zillow: "You have to get this merger closed. That's why it has been spiking here, you have to see it close. Because in the interim it is in limbo. And when it is in limbo is not where I want to see these two stocks trade."
Continental Resources: My problem with Continental is that they took the hedges off at the wrong time. I think all of these stocks might have bottomed last week. I spoke to Prince Alaweed today and there is a very good chance that if oil goes down a little bit more, and I'm not sure that is the case, but if it is you want to own stocks with good yield. Royal Dutch, because that way you are protected by the dividend if I am wrong."
Read More Lightning Round: These stocks bottomed last week