Cramer's Banking Bet: Why JPMorgan And Goldman Still Look Cheap
1. Cramer sees GS undervalued on a P/E basis compared to the S&P 500. 2. GS trades at a forward P/E of 15.3, offering significant upside potential. 3. Banks like GS are poised for recovery if interest rates ease. 4. M&A activity is increasing, potentially boosting revenue for GS. 5. GS is actively repurchasing shares, enhancing EPS growth without loan growth.