Jim Cramer Discusses JPMorgan (JPM)'s Sapphire Cards

We recently published Jim Cramer Discussed These 13 Stocks & Shared Major Warning For Rare Earth Stocks. JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks Jim Cramer recently discussed.

JPMorgan Chase & Co. (NYSE:JPM)’s CEO, Jamie Dimon, roiled markets recently when he commented that he was worried about “cockroaches.” While Mr. Dimon likely isn’t suffering from an insect outbreak, his comments pointed to the bankruptcy of auto parts company First Brands. Dimon warned that there were likely more firms like First Brand, commenting that “when you see one cockroach,” you’re likely to encounter more. He added that there might be some “excess” in the credit market, given its bull run since 2010. Cramer also discussed JPMorgan Chase & Co. (NYSE:JPM)’s Sapphire cards and their advertisements, as well as the “cockroach” comment:

“[On race among credit card issuers to cater to high income high earners with perks] I’m watching these Sapphire ads and I said, this must be an ad for Temu or Shein. Cause like those ads, you know they didn’t have anything to do with credit cards, I know that much. “JPMorgan’s been disappointing since they reported. But I think if you decide to say, hey listen, if you used a cockroach metaphor, I don’t wanna go buy your stock.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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