Jim Cramer Talked About These 11 Stocks Recently

8. JPMorgan Chase & Co. (NYSE:JPM)

Cramer talked about how banking stocks like JPMorgan Chase & Co. (NYSE:JPM) gained rapidly after the election and called it justified.

“Then there are the banks. We’ve had a bull market in banks for most of the year, but they really caught fire after Trump won the election. I think this move’s actually justified because bank regulators won’t be as tough and unforgiving as the Biden bunch and we’ll have many more mergers… With the changing of the guard at these agencies and among the bank examiners, the financials are simply worth more under Trump than they were under Biden, no kidding. Yet, even after this monster move, you know what? Their stocks are still cheap… JPMorgan’s had a similar move and it boasts a similarly low price-to-earnings multiple, even though it could have explosive earnings growth next year if the regulators just ease up, resulting in more IPOs and more mergers, and I think that’s gonna happen.”

JPMorgan Chase (NYSE:JPM) is one of the largest and most prominent financial institutions in the world, offering a wide range of services to consumers, businesses, and institutional clients. On November 14, Wells Fargo raised the price target on the company stock to $270 from $240 and maintained an Overweight rating.

This adjustment comes as part of a broader analysis of large-cap banks. According to Wells Fargo, the anticipated outcomes of the upcoming U.S. elections could lead to a significant regulatory shift, with the potential to reshape the financial sector over the next 15 years. Additionally, the firm cited expectations of higher EPS, driven by greater flexibility for banks to deploy and return capital and an anticipated resurgence in bank mergers.