Jim Cramer Says Goldman Sachs is “Starting to See A Lot of Good Stuff From IPO and M&A Advisory Fees”

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer recently highlighted. Cramer mentioned that he liked the company’s quarter and said:

“I liked the Goldman Sachs quarter because they’re starting to see a lot of good stuff from IPO and M&A advisory fees, although I feel like a lonely alum backing that one.”

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The Goldman Sachs Group, Inc. (NYSE:GS) provides financial advisory, investment banking, trading, and lending services. The company also offers asset and wealth management, private banking, and digital financial solutions. When a caller mentioned adding a position to the stock during the October 20 episode, Cramer responded:

“Oh my god, that is so right. Goldman Sachs is so cheap, and David Solomon’s doing such a good job. At 15 times earnings, I think you’re in fantastic shape owning Goldman. Large position for my Charitable Trust. It was a great quarter. I went over it with a fine-tooth comb. It was ridiculous that the quarter was not received as well, and it was a great opportunity to buy.”

While we acknowledge the risk and potential of GS 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 GS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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