Jim Cramer Says “You’re in Fantastic Shape Owning Goldman”

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer was focused on recently. When a caller mentioned that they have diversified their portfolio by investing in the stock, Cramer stated:

“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.”

Photo by Joshua Mayo on Unsplash

The Goldman Sachs Group, Inc. (NYSE:GS) provides financial advisory, investment banking, lending, and trading services, along with asset and wealth management solutions. The firm also offers credit cards, transaction banking, and payment services. When a caller inquired about the stock during the October 6 episode, Cramer responded:

“Buy. The stock is selling at a ridiculously low multiple still. It’s hovering around this level. People are getting nervous at this level. It’s going to blow through this level, and you’re going to wish that you got in right now.”

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.