Jim Cramer Highlights Goldman’s Low Valuation Despite Significant Gains

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer recently expressed his thoughts on. Cramer explained why Goldman Sachs could still have room to rally, as he remarked:

“This morning, EA, the old Electronic Arts, got a $55 billion bid, the largest all-cash sponsored take-private deal in history. Silver Lake’s the prominent name among the buyers, but it’s PIF, the Saudi sovereign wealth fund, that’s putting up most of the money. Well, there’s a buyer for you. Although I don’t own EA for the Charitable Trust, I’m still gratified to see Goldman Sachs as the company’s advisor for this deal… These are huge tickets… Almost big enough to hit the M&A line in fine form for Goldman Sachs, which is a big position for my Charitable Trust… Goldman’s up over 40%… What makes me think there’s still room to run? Because the big banks are still cheap on earnings… Goldman’s at 17 times earnings.”

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The Goldman Sachs Group, Inc. (NYSE:GS) is a financial institution delivering advisory, financing, and trading services across markets, along with asset and wealth management, including multiple asset classes.

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