Jim Cramer Believes “Goldman Sachs May Be Growing Faster Than Almost All the Stocks in Tech”

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks that was on Jim Cramer’s radar. Cramer highlighted the company’s performance for the year, as he remarked:

“Meanwhile, there are plenty of IPOs and acquisitions, which have caused furious buying of the bank stocks. We saw a very positive article about Wells Fargo in the journal. Goldman Sachs up 56% for the year, now eclipse[s] most of the performance of the Magnificent Seven. There’s a reason for that. Goldman Sachs may be growing faster than almost all the stocks in tech, let alone the Magnificent Seven. And by the way, had a lot less risk, which is what really matters. These financial and consumer spending companies just keep delivering better and better and better expected numbers as expectations are incredibly low versus the monstrously high expectations for anything related to the data center.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

The Goldman Sachs Group, Inc. (NYSE:GS) provides financial services, including investment banking, asset and wealth management, and banking solutions. During the November 21 episode, a caller asked Cramer about the company acquiring a majority stake in Excel Sports Management, and he responded:

“You know, I wasn’t crazy about that. It’s funny you mentioned that because someone asked me about it the other day…. Why are they buying it? I said, you know what, I gotta tell you, it didn’t make a lot of sense to me. The stock reversed horribly today. It was up really nice at one point. It’s a big position in my Charitable Trust, and then just came down hard. I hope it’s nothing to do with that. You know… you and I are, we’re, we’re plain thinkers, and Goldman shouldn’t do something that isn’t exactly what is right in their sweet spot, and this one isn’t.”

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Disclosure: None. This article is originally published at Insider Monkey.