Jim Cramer on Goldman Sachs: "I Think It's Way Too Cheap"

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer looked at. Starting the lightning round, a caller asked Cramer’s recommendation for the stock, and he replied:

Do you know, Jeff Marks and I were both marveling about how ridiculously the stock was down. It’s 15 times earnings. My friend, Lloyd Blankfein, in a very good book, Streetwise, talks about exactly why the company’s valued as it is. I think it’s way too cheap.

The Goldman Sachs Group, Inc. (NYSE:GS) provides financial services, including investment banking, asset and wealth management, and banking solutions. Cramer discussed the stock during the January 15 episode, as he 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.

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