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CNBC's Jim Cramer said Wednesday that there was little upside for major bank stocks, comparing them to struggling energy companies.
The comments came during a discussion on "Halftime Report" about an analyst note from Atlantic Equities, which upgraded JPMorgan to overweight and Wells Fargo to neutral. Cramer said he did not believe the note would be enough to boost the stocks, which slipped slightly on Wednesday.
"It's not coal, but it is oil," Cramer said of the industry.