Jim Cramer Recently Discussed These 17 Stocks And Chinese Hackers

5. The Goldman Sachs Group, Inc. (NYSE:GS)

Number of Hedge Fund Holders In Q3 2024: 72

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the largest investment banks in the world. Its shares are up by 66% over the past year as capital markets have continued to recover after having dealt hefty blows by high interest rates. January has been a great month for The Goldman Sachs Group, Inc. (NYSE:GS)’s shares as well since they have gained 8.9% year-to-date. The stock has gained 9.5% following the bank’s latest earnings report which saw it more than double its profit to $4.11 billion and mark a 24% growth in its investment banking income. Cramer’s comments mentioned The Goldman Sachs Group, Inc. (NYSE:GS)’s latest quarter and its top executives:

“It was a monster quarter, it was really terrific. There was a lot of mention of private equity and what they can do. And, private credit. But look it was the, wealth management was fantastic. M&A coming back. Look both these people, I know Solomon pretty well. He has evolved, to the point where I think a lot of people feel he could even be the spokesperson for the industry. Everyone likes Waldron, always have. I mean when I say everyone, you know, bankers and media.”

“[When asked whether Waldron is a presumed successor to Solomon] I just don’t, you know until you mentioned the retention bonus I would’ve thought that at a certain point kind of like what happened to JPMorgan. You get too old to become the CEO. You don’t have enough time, enough window. But I just think, you know going back to which was the best quarter[among all the banks]? This was.”

“Look I love Charlie Scharf and he’s terrific. But, when it, Charlie’s got a great national bank. But when it comes to capital markets, there was none better. It was really great. I mean I would like call him and congratulate. I mean I don’t like to congratulate, but I’d congratulate Charlie and I’d congratulate David because I think that they are, they are really two of some of the greatest successes. I mean look at the price-to-earnings multiples of these Sarah. They’re incredibly cheap. These are like thirteen, fourteen times earnings and they’re just crushing it!”

“If, David stays another four years you would not appoint a CEO whose over sixty. They just don’t do that in the business.”