Jim Cramer Calls JPMorgan “Outrageously Cheap Versus the Rest of the Market”

JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks Jim Cramer offered insights on. Cramer highlighted it as one of the stocks to buy more during a pullback. He stated:

“Look, I think this kind of trading is really ill- advised. Long-term, I believe it’s going to give you suboptimal returns. It’s very rare these days that everything is unexploited at the opening. You were simply too late as the trade was over by the opening bell. What should we be talking about instead of Venezuela?… How about the bank stocks? Coming into this year, I tried to determine what stocks are still cheap so you’d have something to pull back on if these stocks were to go down. I looked at the Charitable Trust names such as, and I also looked at JPMorgan and Citigroup, and based on their valuations, these stocks are still outrageously cheap versus the rest of the market. If they go down, you know what you can do? You can buy more of them.”

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JPMorgan Chase & Co. (NYSE:JPM) provides financial services, including banking, lending, payments, and investment management. In addition, the company offers investment banking, asset management, and advisory solutions.

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