Jim Cramer Says Goldman Sachs (GS) Is One Of His Biggest Positions

We recently published 11 Stocks on Jim Cramer’s Radar. The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer recently discussed.

Cramer has frequently discussed investment bank The Goldman Sachs Group, Inc. (NYSE:GS) over the past couple of months. Most of his comments have focused on the bank’s valuation, with the CNBC TV host pointing out that a 15 times earnings multiple was a great point to own the stock. In this appearance, he discussed The Goldman Sachs Group, Inc. (NYSE:GS) after co-host Carl Quintanilla pointed out that the Dow Index had hit a new high recently and mentioned the bank’s role in the movement:

“After Carl brought up Dow hitting a new record high with Goldman’s effect on the Dow] Right, Goldman, Goldman goes much higher because we are in a merger market and IPO market and a debt market is rather extraordinary. The latter being much more lucrative, people don’t realize it. I, we have a big position for the trust, one of the biggest positions, I think that stock hits 16 times earnings, just makes a lot of sense. In my theme that I’m developing now, something at 16 times earnings is something we really, really, want. Something that is 40 times earnings, is something we don’t want as much.

“Citi had a great quarter. It was really great. Goldman breaking out here. I’ve never understood what Goldman was doing at 700. Now people really didn’t like the trading aspect of Goldman. But David Solomon would tell you, that can be fickle.”

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