Jim Cramer Discusses JPMorgan's (JPM) Valuation

We recently published 11 Stocks Jim Cramer Talked About. JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks Jim Cramer recently discussed.

Cramer discussed banking giant JPMorgan Chase & Co. (NYSE:JPM) as financial services stocks made gains. His previous comments about the firm have praised its balance sheet and called it a “fortress.” Cramer has also praised JPMorgan Chase & Co. (NYSE:JPM)’s management and used its 15x earnings multiple to comment that not every stock is expensive in this market. In this appearance, he again mentioned the multiple and discussed the firm’s CEO, Jamie Dimon:

“[On financials up a full percent] Yeah that is a steeper yield curve. And you know kind of a begrudging recognition that we have to start paying more than 15 times earnings for JPMorgan. Even if it is at it’s high. Cause we’re paying 24 times earnings for a lot of stocks, companies that are growing much more slowly.

“I mean look Jamie is, I wonder if Jamie’s going to be as negative as he is in public. I wonder if he is. Because Jamie is one of the reasons people are locked into buying the banking stocks.”

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