Was Jim Cramer Right About JPMorgan Chase & Co. (JPM)?

We recently published a list of Jim Cramer Nailed These 11 Stock Predictions. In this article, we are going to take a look at where JPMorgan Chase & Co. (NYSE:JPM) stands against other stocks that Jim Cramer discusses.

Back in 2024, on May 16, Mad Money’s Jim Cramer highlighted JPMorgan Chase & Co. (NYSE:JPM) during a segment focused on the Dow’s climb from 30,000 to 40,000, crediting the bank’s steady leadership and consistent execution under Jamie Dimon as key reasons for its 64% gain over that period.

“Jamie Dimon — the CEO of JPMorgan — is a great banker. What else is there to say? He’s got a great banking team, rarely makes mistakes, he’s got a tremendous loan book. The stock’s still cheap, even as it’s run 64% since November 2020. I like the dividend too.”

JPMorgan delivered as promised, rising 32.15%  since Cramer praised its leadership and stable fundamentals. JPMorgan Chase & Co. (NYSE:JPM) continues to shine as the leading U.S. bank by assets, bolstered by high net interest margins and fortress leadership.

Cramer remains bullish on the bank. Here’s what he said in May:

“Next up, analyst meetings are often very dry affairs that are informational but not actionable. That is not the case, though, when JPMorgan, the largest bank, speaks on Monday. Their analyst meeting moves, well, I’ll tell you, it moves stocks, especially when CEO Jamie Dimon gives his somewhat jaundiced view of the world because, well, he’s somewhat jaundiced. He may be a tad saturnine, too, while I’m at it.”

Overall, JPM ranks 9th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of JPM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JPM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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