Jim Cramer Discussed 10 Stocks After Fed Rate Cut

7. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 120

JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks Jim Cramer discussed after the Fed rate cut. Cramer mentioned the stock during the episode and remarked:

“I’ll tell you, if JPMorgan were back where it was the other day, remember, I said to buy the stock because they had that meeting and sent the stock down. The stock was, went down to $300s. [It’s] at $317. I mean, enough already.”

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. During the October 27 episode, Cramer said that the company is “incredibly well-run.” The Mad Money host stated:

“So what’s my number one favorite? JPMorgan Chase, the nation’s largest bank at the $832 billion market cap, I think it’s going to be the first to a trillion. JPMorgan is incredibly well-run. America’s top banker, Jamie Dimon at the helm, its fortress balance sheet that allows the company to consolidate in times of stress, like they did during the many banking crises two years ago, where they came out the winner. But the reason I have JPMorgan as the favorite in this race with 3:1 odds is very simple. The banks are on fire right now, and right now, this stock is ridiculously cheap. But this, you know, this thing trades at 15 times this year’s earnings estimates. Who said that every stock’s expensive in this market? If we get a little multiple expansion and people say that they start paying on 17.5 times next year earnings estimates, then JPMorgan wins this race in a heartbeat.”