JPMorgan (JPM)'s Multiple is an Insult to CEO Jamie Dimon, Says Jim Cramer

We recently published 11 Stocks on Jim Cramer’s Radar.  JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks on Jim Cramer radar.

Banking giant JPMorgan Chase & Co. (NYSE:JPM) crossed Jim Cramer’s radar after he discussed a Barclays note for Citigroup. Barclays bumped up Citi’s share price target, and its coverage came after a similar note for JPMorgan Chase & Co. (NYSE:JPM) on January 5th. This note saw the bank hike the share price target to $391 from $342 and keep an Overweight rating on the shares. Barclays pointed out that JPMorgan Chase & Co. (NYSE:JPM) and other large-cap banks could benefit from the same factors that drove double-digit earnings growth in 2025 this year as well. Cramer’s previous comments about the bank have lamented its low multiple. Following Barclays, Bank of America also hiked JPMorgan Chase & Co. (NYSE:JPM)’s share price target. It bumped the target price to $362 from $350 and kept a Buy rating on the shares. BofA pointed towards factors such as the bank’s strong market positioning in sectors such as private and wholesale banking. In this appearance, Cramer discussed JPMorgan Chase & Co. (NYSE:JPM) in the context of its upcoming earnings report:

“Like JPMorgan last quarter, where they really threw cold water on everything, really kind of sent you back huge and it turned out to be an amazing buying opportunity. You know all you had to do was come in there and buy it after they talked about it. Probably do that again.

“All time high today, Jamie is crushing it. 16 times earnings, what an insult to Jamie.”

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