Jim Cramer on JPMorgan: "Should Be a Usual Superb Quarter"

JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks in Jim Cramer’s game plan for this week. Cramer showed optimism in the firm’s upcoming earnings, as he commented:

“Not to be outdone, JPMorgan reports too, and it should be a usual superb quarter. You may wonder why we don’t own that one for the Charitable Trust, too. Simple. One of the things you’re going to learn if you join the club, you can’t own them all. We already have four financials…”

JPMorgan Chase & Co. (NYSE:JPM) provides financial services, including banking, lending, payments, investment banking, and asset management. During the September 29 episode, Cramer discussed the stock in light of EA going private after a significant deal. He said:

“This morning, EA, the old Electronic Arts, got a $55 billion bid, the largest all-cash sponsored take-private deal in history. Silver Lake’s the prominent name among the buyers, but it’s PIF, the Saudi sovereign wealth fund, that’s putting up most of the money. Well, there’s a buyer for you… JPMorgan’s advising the buyers and providing $20 billion in debt financing. These are huge tickets. Big enough to influence the quarter for JPMorgan… JPMorgan stock is up almost 32% for the year… What makes me think there’s still room to run? Because the big banks are still cheap on earnings. JPMorgan, despite being at its 52-week high, sells at about 16 times earnings.”

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