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Cramer Quick Take: I Like Goldman More Than JPMorgan

Tickers in this article: GS JPM
Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

NEW YORK (TheStreet) -- In the battle of the big banks, should investors side with JPMorgan Chase (JPM) or Goldman Sachs (GS) ?

Jim Cramer told Debra Borchardt at Monday he's investing in Goldman for his charitable trust, Action Alerts PLUS, and he wishes that he had invested more.

Cramer said JPMorgan CEO Jamie Dimon will rise above the scandals and distinguish the firm as more than just a mortgage bank. He said if Dimon really wanted to turn public sentiment in his favor, the CEO should decline his bonus this year and prove that he's willing to do the work to turn things around.

As for Goldman, Cramer said that with mergers and acquisitions on a roll and new IPOs expected to surge this year, Goldman will be poised to prosper and separate itself from the pack.

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-- Written by Scott Rutt in Washington.

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