Jim Cramer on JPMorgan: “You Wait for the Reaction to Jamie’s Cautious Commentary to Give You a Better Entry Point”

“At the aforesaid time, the banks are starting to fuss me. Now look, don’t get maine wrong, you cognize this radical is chronically undervalued. I person praised it galore times to you. These are tremendous franchises, but we’re headed into net season. Do you cognize that successful six days, JPMorgan reports? I deliberation this, the biggest bank, is cheap. Stock’s mode excessively inexpensive actually, 16 times earnings. So wherefore not bargain it now? I americium disquieted short-term due to the fact that adjacent though CEO Jamie Dimon’s a fantastic banker, he’s besides a truly cautious person. He’s not going to get connected the league telephone and crow that his stock’s undervalued. He’s acold much apt to speech astir the imaginable landmines retired there.