NEW YORK (TheStreet) -- Shares of Goldman Sachs (GS - Get Report) are sliding 1.18% to $161.41 in late-morning trading on Tuesday as the bank's better-than-expected second-quarter results struggle to compare with the standout quarters its rivals reported, TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning.
"What you're seeing is the stock ran up in association with the other banks so it may not be as spectacular," he added.
The banking group as a whole was very hated going into the quarter, and has proven that it's not as bad as investors thought, Cramer noted.
But he reiterated in the above video that Goldman stock had run up ahead of its second-quarter results, which is muting the stock's movement today.
Goldman did report good fixed-income trading, but fixed-income trading has been great for all the banks so far, Cramer pointed out.
"So suddenly you have this thing: You say, tell me something I don't know," Cramer mentioned.
The company doesn't have any equity business in terms of IPOs, and its book value disparity is "rather shocking," as it is for Bank of America (BAC) and Citigroup (C) as well, he noted.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Goldman Sachs' strengths such as its expanding profit margins over time are countered by weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
You can view the full analysis from the report here: GS
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.