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Jim Cramer — Banks Are Not a Short-Term Trade

On Friday, investors got a look at how big banks like JPMorgan Chase (JPM) and Bank of America (BAC) did last quarter, as well as how smaller banks like First Horizon National (FHN) did.

So what can we expect next week?

TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, looked at Morgan Stanley (MS) , which had a number of businesses falling under heavy government scrutiny at one time. However, the company sold off those businesses, which was seen as a good move at the time, Cramer said from the floor of the New York Stock Exchange.

Morgan Stanley will now benefit from higher interest rates...