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.”

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