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Why Jim Cramer Likes J.P. Morgan (JPM), Goldman Sachs (GS) and Wells Fargo (WFC) Stock

NEW YORK (TheStreet) -- TheStreet's Jim Cramer says J.P. Morgan JPM and Goldman Sachs GS had low expectations and reported solid numbers, which was enough to send the stocks higher. He thinks both of these stocks are very cheap.

By contrast, Wells Fargo WFC had high expectations and also released strong numbers. But when expectations are high, Cramer says, investors will see a sell-off. But he likes all three stocks because the banking sector is still well behind the market.

Must Watch: Jim Cramer: J.P. Morgan, Goldman and Wells Mean Cheap Banking Sector

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings Team agrees on all three counts. It rates J.P. Morgan as a "buy" with a ratings score of B+ and has this to say about their recommendation: 

"We rate JPMORGAN CHASE & CO (JPM) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: JPM Ratings Report

TheStreet Ratings team also rates Goldman Sachs as a "buy" with a ratings score of B+ and says the following: 

"We rate GOLDMAN SACHS GROUP INC (GS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: GS Ratings Report

Finally, TheStreet Ratings team rates Wells Fargo as a "buy" with a ratings score of A and offers this commentary: 

"We rate WELLS FARGO & CO (WFC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

You can view the full analysis from the report here: WFC Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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SYM TRADE IT LAST %CHG
GS $205.07 0.00%
JPM $68.53 0.00%
WFC $57.87 0.00%
AAPL $121.30 0.00%
FB $94.01 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

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