We're taking some profits in our bank stocks after big runs and ahead of a tricky time

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Markets,Investment Strategy,Jim Cramer

'The positions were built and forged in tougher times. I think they should be trimmed,' Cramer said Friday.

We're selling 50 shares of Morgan Stanley at roughly $100.04 each and 110 shares of Wells Fargo at roughly $60.65. Following Friday's trades, Jim Cramer's Charitable Trust will own 1,100 shares of MS, decreasing its 3.3% weighting to from 3.45% and 2,000 shares of WFC, decreasing its weighting to 3.64% from 3.84%. We're making two small trims and locking in solid gains in our two bank stocks following their strong moves toward their 52-week highs over the past week.

WFC MS YTD mountain Wells Fargo vs. Morgan Stanley YTD Bank earnings are also on the horizon, with Wells Fargo, JPMorgan , and Citigroup set to report next Friday. Morgan Stanley, Bank of Americ a, and Goldman Sachs report the week after next. These stocks are historically fickle around earnings, providing a reason to take a little off the table with these stocks near highs. "We have bank earnings beginning next week.

 

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