Jim Cramer was practically salivating when he saw the earnings from banks this quarter. Yet, investors still won't touch the group.
"I think some of it is just plain ennui. There haven't been a lot of stocks going up on better earnings. Some of it is a belief that every time you get excited about these banks stocks they break your heart," the "Mad Money" host said.
Cramer also noted that the election year could drive the unpopularity of the group, and banks remain unpopular in Washington. He expects to see more regulation ahead in the wake of Wells Fargo's sales scandal.