Jim Cramer On JPMorgan: Best Quarter Ever

Financial stocks led the charge Friday after some of the largest banks posted encouraging Q4 earnings results.

Jim Cramer weighed in on the earnings and suggested investors might be wrong in taking advantage of Friday's gains to take some profits off the table. He argued only traders would be looking to take profits on Friday as banks just posted an "unbelievable" quarter.

Cramer said that when he looks at The Coca-Cola Co KO or Clorox Co CLX, he doesn't see the potential for these supposed-growth stocks to raise their dividends and demonstrate strong organic growth - but the same can't be said for bank stocks.

Cramer singled out Bank of America Corp BAC and suggested that a 100-basis point increase in the Federal Reserve interest rate will by itself result in an incremental $3 billion added to the company's financials.

"Do you think Procter & Gamble Co PG can add on that kind of number?" he hypothetically asked.

However, Cramer thinks JPMorgan Chase & Co. JPM wasn't just a standout in the bank sector given its record annual profit of almost $25 billion for the year and an ROE of 11 percent.

"This was the best quarter ever [for JPMorgan]," Cramer said. "And all I can say is that there is going to be very many better quarters ever."