Jim Cramer Praises JPMorgan’s Jamie Dimon and Voices Concern

JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks Jim Cramer recently discussed. Talking about the stock, Cramer commented:

“How do we judge the so-called real economy then? Well, first, I do like to look at the banks. They’re the backbone of the real economy, and they played a positive role today. JPMorgan reported its always good numbers, but its stock had run up so much yesterday, it ended up giving back some gains. Didn’t, wasn’t representative of the action…

The old cockroach theory. You know, there’s never just one. That’s something Jamie Dimon mentioned while he was talking about JPMorgan’s excellent quarter this morning. What’s the cockroach here? He was referring to the downfall of First Brands, some auto parts company I didn’t even know of until it collapsed, exposing billions of dollars in debt that someone never should have lent them in the first place… Look, Jamie’s a fantastic CEO, and I’m never going to disagree with him on anything banking-related, but he hasn’t commented enough on the rampant speculation in the stock market, and that’s got me on edge.”

Pixabay/Public Domain

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

While we acknowledge the risk and potential of JPM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JPM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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