Jim Cramer Says Goldman Sachs (GS) is a Major Position In His Trust

We recently published 10 Stocks Jim Cramer Talked About.  The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks on Jim Cramer talked about.

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the largest investment banks in America. Barclays started 2025 with a strong note for the firm as it raised the share price target to $1,048 from $850 and kept an Overweight rating. The bank explained that The Goldman Sachs Group, Inc. (NYSE:GS) could benefit from the same tailwinds in 2026 as it did in 2025. Cramer continuously discussed the bank in 2025 as he maintained that it benefited from the growth in M&A activity and the IPO market under the Trump administration. To wit, The Goldman Sachs Group, Inc. (NYSE:GS) ended 2025 on a strong note, with data from Reuters showing that it topped global dealmaking tables in 2025. The data showed that the bank advised on 38 of the 68 $10 billion+ deals in 2025. Cramer discussed The Goldman Sachs Group, Inc. (NYSE:GS)’s position in his trust and the bank’s valuation:

“It’s [inaudible] the largest position of my trust. . .yeah, and that’s all price appreciation, I’ve bought a ton of it. It was one of those things where there was this period, where people didn’t, let’s say you felt that Joe Biden was going to be reelected, he was an obstacle to them doing well because they’re an M&A house and there are IPOs. . .”

“But I would say that it was always a bizarre, low multiple stock, during this Biden era. I remembered it at 24 times earnings, 25 times earnings, it was at 16 times earnings, it was the best grower. It was at 16 times earnings, it was like, wow, I mean you get together with the Goldman guys, it would be like, wow, what are we doing wrong? And the answer was, the market was wrong. And I know that that doesn’t seem right to people at home, but they didn’t seem to understand the unique nature of the franchise. And Solomon’s done a terrific job.”

“Look I remember I brought in a guy who only had a million bucks. And my boss came in and says, why are you wasting this firm’s time? And they had people like who had like 25 dollars and they were late on their payments. I mean it was just a major mistake they did. He undid things that had been done two years before. And a lot of people felt that was foolish, and yet, in retrospect, what he did was bring the firm back the way it was.”

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