Jim Cramer recently discussed The Goldman Sachs Group, Inc. (NYSE:GS) as part of a list of 15 stocks. The CNBC host has maintained a positive outlook on the bank throughout 2025, citing increased merger and acquisition activity and initial public offerings as factors supporting the shares.
In early January, HSBC reduced its price target for Goldman Sachs from $608 to $604, while keeping a Hold rating on the stock. The firm also raised earnings expectations for the banking sector for 2026 and 2027.
The bank's fourth-quarter earnings report, released in January, showed investment banking fees rising by 25% to $2.58 billion. Cramer addressed the earnings and share price movements in his comments.
"Right I mean I think that there's a, the narrative now, is at Goldman the expenses are up way too high. When you speak to David Solomon, you get a story basically about this is the best, what's maybe the best it's ever been. The M&A looks like it's going to be the best ever. IPO, they're thinking could be the best ever. Certainly, the best last time it was so good. I think that something could change here today. I think everybody's gotten wise. You sell the banks on the news, so when everyone's that wise, you buy the banks when they're down," Cramer said.