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.”

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.”

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