Jim Cramer Says Even Boring Stocks Have A Higher Multiple Than The Goldman Sachs Group, Inc. (GS)

We recently published 10 Stocks Jim Cramer Discussed As He Remained Optimistic About American Ingenuity. The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer recently discussed.

Cramer has started to frequently discuss The Goldman Sachs Group, Inc. (NYSE:GS) these days after its recent share price movement, which saw the stock close the week 5.4% higher. In his previous comments, he has maintained that the shares are trading at a low multiple. This time, Cramer discussed his opinion in detail:

“It’s become one of the largest position in my trust simply because it’s going up a lot. Although I would say that David Solomon, when he came on, David Solomon was not that bullish. Okay. David Solomon was saying, yeah we’ll see, it’s okay, and then he talks about the worries. You got the bond market, you got Trump. No! Money!”

“[On how Goldman executive committee meetings regularly ponder over what they’re missing] Well look that’s being responsible and you certainly want to do that. But I also remember when I would have said that Goldman would have a super premium to the average stock. And Goldman, frankly, I mean I’ve got a lot of stocks that are, let’s just say boring transportation stocks that have much higher multiple than Goldman Sachs. David, if we care about price-to-earnings multiples the financials [inaudible] well behind, as they have been ever since 2009.”

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