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Jim Cramer backs JPMorgan and Citigroup as bargain financial stocks
Cramer pointed to JPMorgan’s July 14 results, including $58 billion in revenue and $21.2 billion in record profit, as support for a roughly 15 times forward earnings view.
Jim Cramer said JPMorgan Chase is still “outrageously cheap” relative to the rest of the market, emphasizing what he sees as a bargain valuation. In remarks covered by Yahoo Finance, he argued investors may need to pay more for JPMorgan but remains focused on a forward P/E multiple around 15.
Cramer referenced earlier comments from 2025 and 2026 that framed the stock’s pricing versus earnings as unusually attractive, including a comparison that “you can buy” the shares at about 15 times earnings. With the second quarter of 2026 underway, he repeated his view that the multiple offers a favorable entry point.
Yahoo Finance also tied the bullish call to JPMorgan’s reported performance from July 14. The bank posted $58 billion in revenue, beating analyst estimates of $51.35 billion, and recorded a profit of $21.2 billion, which supported adjusted profit per share of $6.14 versus $5.85 expected.
Cramer additionally highlighted Citigroup as an earnings-season standout, saying Citi is favored by Wall Street and could be among the stocks most likely to jump. Yahoo Finance notes that Cramer discussed Citi ahead of the first quarter earnings season, describing it as a name whose estimates have tended to be too low.