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Cramer: ‘JPMorgan Has Market to Itself’

Despite what Cramer called “a monster beat” on Wednesday, bearish investors are trying to put a negative spin on JPMorgan Chase’s earnings report. The bears have pointed specifically to loan and credit-card losses, though the Mad Money host shrugged off that reasoning. His outlook for the bank is much more positive.

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“JPMorgan has this market to itself right now,” Cramer said, pointing to the lack of competition as a result of the Bear Stearns and Lehman Brothers collapses, “along with Goldman Sachs .”

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Cramer also said that JPMorgan’s dividend, which was cut in February, “will be coming next year.”

Cramer's charitable trust owns Goldman Sachs and JPMorgan Chase.

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