Jim Cramer Says "Goldman's Takeover Business Should Be Tremendous"

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks on Jim Cramer’s game plan for this week. Cramer expects “excellent numbers” from the bank, as he remarked:

“Thursday, we’ll get some fireworks. Two investment banks, Goldman Sachs and Morgan Stanley, should both report excellent numbers. The amount of activity in financial markets is unusually strong… Goldman’s takeover business should be tremendous, David Solomon… I expect number increases for both Goldman and Morgan Stanley.”

The Goldman Sachs Group, Inc. (NYSE:GS) provides financial services, including investment banking, asset and wealth management, and banking solutions. Cramer mentioned the company during the January 5 episode and stated:

“Take Goldman Sachs. I’ve been shouting from the rooftops that this will be the year of mergers and acquisitions, not to mention gigantic equity offerings. Goldman stock opened almost unchanged. It sells at just 17 times earnings, less than the average S&P 500 stock, even though it’s much better than they are, and it’s a huge player in M&A and issuance IPOs. That’s worth buying. The stock ended up rallying nearly 4% after it caught fire. You could have made all that today, and I think it’s still got lots more room to run. Not a trade.”

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