Jim Cramer on Goldman and Other Major Banks: "It Takes a Lot to Get These Stocks Out of Their Tailspin"

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer put under a microscope. Cramer mentioned the stock during the episode and commented:

“The banks rebounded because of beautiful pristine blowouts from BlackRock, from Goldman Sachs, my alma mater, and Morgan Stanley… I told you earlier this week that we needed to see the banks reverse, right, remember, because that’s the best leadership group in the world, and then suddenly, it’s been really bad ever since JPMorgan reported. Well, guess what? We saw it happen today. Goldman Sachs, Morgan Stanley, BlackRock broke the downturn precipitated by allegedly weak quarters from Morgan, Citigroup, Bank of America, and Wells Fargo. It takes a lot to get these stocks out of their tailspin, and we got a lot with Goldman Sachs putting up phenomenal numbers across the board, Morgan Stanley continuing to be a juggernaut of corporate finance and asset gathering, and BlackRock taking in just trillions to the point where they now manage an astounding $14 trillion.”

The Goldman Sachs Group, Inc. (NYSE:GS) provides financial services, including investment banking, asset and wealth management, and banking solutions.

While we acknowledge the potential of GS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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