CNBC's Jim Cramer praised earnings reports from top banks, particularly Wells Fargo and Goldman Sachs, saying investors would have benefited from owning them this week. Despite strong gains, Cramer believes the stocks have further upside as their price-to-earnings multiples remain lower than the market average. He recommends investors consider adding at least one or two bank stocks to their portfolios.
CNBC's Jim Cramer on Friday reviewed earnings reports from top banks that reported this week, saying he's impressed with all them, but especially Wells Fargo and Goldman Sachs .
He said investors would have benefitted from owning all of these names this week and praised the industry as a whole.Jim Cramer on Friday reviewed earnings reports from top banks that reported this week, saying he's impressed with all them, but especially Wells Fargo and Goldman Sachs. He said investors would have benefitted from owning all of these names this week and praised the industry as a whole.
Goldman Sachs declined to comment. JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and Morgan Stanley did not immediately respond to request for comment.Disclaimer The CNBC Investing Club Charitable Trust holds shares of Wells Fargo and Goldman Sachs. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyDonald Trump
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