Jim Cramer Says Goldman Sachs is "Starting to See A Lot of Good Stuff From IPO and M&A Advisory Fees"

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer recently highlighted. Cramer mentioned that he liked the company’s quarter and said:

“I liked the Goldman Sachs quarter because they’re starting to see a lot of good stuff from IPO and M&A advisory fees, although I feel like a lonely alum backing that one.”

The Goldman Sachs Group, Inc. (NYSE:GS) provides financial advisory, investment banking, trading, and lending services. The company also offers asset and wealth management, private banking, and digital financial solutions. When a caller mentioned adding a position to the stock during the October 20 episode, Cramer responded:

“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.”

While we acknowledge the potential of GS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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.