Cramer has been pummeled on social media for his stock market prognostications that have not borne out.
that Signature Bank qualified as a “GARP stock” — one that embodies the principle of “growth at a reasonable price.”
In his plug for Signature Bank, Cramer said that instead of buying shares in banking giants like JPMorgan, investors should look toward “under-the-radar financials.” “To the extent that they have a consumer business, it’s focused on the wealthy — namely business owners and senior executives who do a lot of business,” he said.Cramer said that in January he touted Signature because it was the “fifth-best performing [stock] in the S&P 500” in 2021.
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