Jim Cramer Says “You Can Buy JPMorgan and Put It Away”

JPMorgan Chase & Co. (NYSE:JPM) was among  Jim Cramer’s stock calls on Mad Money, as he highlighted several opportunities in out-of-favor sectors. Cramer called it the “best bank in the world,” as he commented:

But honestly, if you’re looking for a fortress, I like the stock of JPMorgan here. It’s got balanced growth, sells for only 13 times earnings. It’s the best bank in the world…. I’m not going to give you the performance of Micron by telling you to buy JPMorgan. You’re not going to get it. But anyway, you’re not that early in Micron. You could be early in JPMorgan.

JPMorgan’s the antithesis of Micron. You normally don’t get to buy the stock so cheap, and no one would regard it as a lousy franchise even if the stock’s down 7% year to date. You can buy JPMorgan and put it away. Mighty hard to buy and put any tech stocks away right now.

Photo by Artem Podrez on Pexels

JPMorgan Chase & Co. (NYSE:JPM) provides financial services, including banking, lending, payments, and investment management. In addition, the company offers investment banking, asset management, and 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: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1