The Goldman Sachs Group, Inc. (NYSE:G.S.) is among the actions Jim Cramer reviewed while discussing the Iran ceasefire that sparked a relief rally. Cramer highlighted the “multiple reasons” to own the stock, as he said:
How about this Goldman Sachs? Alright, there are several reasons to own this stock once you believe the coast is clear. I know there’s a lot of money there that could go into acquisitions now. I think there will be an avalanche of deals, as this administration is incredibly pro-deal. They never met a merger they didn’t like, unless it involved the president’s political enemies, of course. And it represents a lot of advisory business for investment banks. Now, Goldman will report next week. I think it should be good, as we told the CNBC Investing Club members. We have owned the stock for a long time.
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Goldman Sachs Group, Inc. (NYSE:GS) provides financial services, including investment banking, asset and wealth management, and banking solutions. A caller asked about the stock during the March 2 episode and Cramer responded:
Do you know? Jeff Marks and I marveled at how ridiculously low the stock was. That’s 15 times earnings. My friend Lloyd Blankfein, in a very good book, Streetwise, talks about exactly why the company is valued as it is. I think it’s too cheap.
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