Reported 1 day ago
Jim Cramer has been vocal about his surprise regarding The Goldman Sachs Group, Inc. (GS) trading at only 15 times earnings, despite the firm's strong performance and a 29% year-to-date increase in shares, driven by heightened M&A and IPO activities. He highlights that while other stocks trade at much higher multiples, Goldman Sachs continues to excel, surpassing analyst revenue and earnings estimates, which leaves Cramer questioning the market's valuation of this leading investment bank.
Source: YAHOO