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Jim Cramer's 'Stop Trading!': Goldman Is Best in Show

The company is getting no credit for its earnings, Cramer says.

"Godman's (GS) - Get Free Report getting no credit whatsoever" for its earnings, Jim Cramer said on Monday's "Stop Trading!" segment on CNBC.

There's been a series of stories about how Goldman's not going to be able to make as much money. "This is just ridiculous," Cramer said.

"This is about the prime brokerages all pulling out at the same time," he said. "It was never about M&A. It was never about most of the things Goldman does."

For example, according to Cramer, Goldman has 11% Tier 1 capital. "This is kind of ludicrous that 11% Tier 1 is actually worse than banks that have huge amounts of home equity."

Goldman's multiple is seven times earnings, he said, and

Morgan Stanley's

(MS) - Get Free Report

is six times earnings. "


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Wells Fargo

(WFC) - Get Free Report



(PNC) - Get Free Report

-- these are all between 14 and 17 times earnings. Do some homework before you start talking about the multiple."

Goldman and Morgan "are best in show," said Cramer. "I'm surprised that Goldman isn't up, but you can knock anything down today."

At the time of publication, Cramer was long Goldman Sachs and Morgan Stanley.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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