The Goldman Sachs Group, Inc. (GS) Is Doing Great, Says Jim Cramer

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the Jim Cramer Says Trump’s Angry At Everybody & Discusses These 11 Stocks.

The Goldman Sachs Group, Inc. (NYSE:GS) is a well-known investment bank whose shares have gained 16.5% year-to-date. The stock has benefited from growing deal-making activity as several firms have listed their shares for trading through IPOs and others have expressed interest in mergers and acquisitions. Stimulated by these factors, The Goldman Sachs Group, Inc. (NYSE:GS)’s stock has gained 44% since its early April bottom. Cramer’s previous remarks about the stock pointed out that he had bought it for his charitable trust after President Trump’s 2024 election victory which signaled more deal-making activity under the incoming administration. His latest comments discussed whether The Goldman Sachs Group, Inc. (NYSE:GS) was the only stock to buy if one is to bet on deal-making growth in the US:

“How well is Goldman doing. David there’s like five deals a day now.

“[On how there were other stocks in the M&A market] I think that people like the notion of a more brand name. But you’re right. You’re absolutely right. That’s a very, very good point.”

“Goldman stock is going to seven hundred, okay? Alright.”

A close-up of a financial advisor giving advice to a customer, demonstrating the importance of consumer and wealth management.

Previously, Cramer commented on the momentum The Goldman Sachs Group, Inc. (NYSE:GS) was benefiting from:

“I think that it’s project momentum over at Goldman. I think that they’re doing incredibly well. I know David had been tepid about the deal flow and that you also said that IPOs really don’t matter.”

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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