Jim Cramer Says “Bank of America Will Be Solid”

Bank of America Corporation (NYSE:BAC) is among the stocks on Jim Cramer’s game plan as he shared his take on the market post Iran-U.S. ceasefire talks. Cramer expects “solid results” from the company, as he said:

Alright, now, more banks, Wednesday, Morgan Stanley, and Bank of America… Bank of America will be solid. I like solid. You can do worse than solid.

A stock market data. Photo by AlphaTradeZone on Pexels

Bank of America Corporation (NYSE:BAC) provides banking, investment, and financial services, including lending, wealth management, trading, and advisory solutions. A caller asked for Cramer’s opinion on the stock, and he responded:

Okay, I think Bank of America is an excellent bank. I think that the financials right now have taken such a severe decline. Bank of America at $47. Could it go down to $40? Maybe. All the financials are under pressure in part because of Iran, but also because of private credit. I would stick with Bank of America. That’s the kind of company at 10 times earnings that I think is going to give you a long-term good return. Think longer term. You must do that.

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