Jim Cramer on Bank of America: “It’s a Very Inexpensive Stock”

Bank of America Corporation (NYSE:BAC) is one of the stocks Jim Cramer had in this week’s game plan. As the company is set to hold its analyst meeting this week, Cramer said:

“Now, it’s tough to get data without a government, you know, with this government shutdown, right? But you know who has the best? I think Bank of America does, and it holds an analyst meeting on Wednesday. We’re going to find out more about the consumer from them than anybody else. I think it’ll tell a relatively sanguine story about the state of the economy and the bank, and it could be uplifting. It’s a very inexpensive stock.”

Photo by Artem Podrez on Pexels

Bank of America Corporation (NYSE:BAC) provides banking, investment, and financial services including ending, wealth management, trading, and advisory solutions. During the October 6 episode, a caller asked if they should take profit from the stock, Cramer replied:

“Let Bank of America ride. It’s very inexpensive. I think it can go much higher. I don’t think it’s going to be stuck at this level, and I like the way the financials trade very much. You’ll do well with Bank of America.”

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