'Banks Will Never Go Out Of Business'—Jim Cramer Says JPMorgan Is Too Cheap To Ignore As It Hits Record $58.5B Profit

Benzinga
03-30

Jim Cramer, host of CNBC's "Mad Money," has recently highlighted a range of stocks that some believe will withstand market volatility and provide steady long-term returns. His recommendations often spark both interest and discussion among investors.

Market Movements and Mixed Signals

Coca-Cola (NYSE:KO) remains among Cramer's top choices. The beverage giant posted a 6% increase in fourth-quarter revenue, reaching $11.5 billion, while adjusted earnings per share rose 12% to $0.51. 

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Organic revenue climbed 14% and global unit case volume edged up 2%. With a dividend yield of 2.91% and a record of 63 consecutive years of dividend increases, Coca-Cola continues to be viewed as a stable investment in a turbulent market.

According to AInvest, Coca-Cola's strategic partnerships with Brown-Forman (NYSE:BF, BF.B)) and Molson Coors Beverage (NYSE:TAP) mark a significant expansion into the alcoholic beverage market. These collaborations could diversify Coca-Cola's product offerings and drive revenue growth, reinforcing its status as a stable investment choice.

In the banking sector, JPMorgan Chase (NYSE:JPM) has also caught Cramer's attention. According to Insider Monkey, he referred to JPMorgan as the “premier bank” and noted that its stock is “way too cheap” at 14 times earnings. The bank reported a record annual profit of $58.5 billion, bolstered by a fourth-quarter showing with net income of $4.81 per share and revenue of $4.7 billion, up 6% year over year. 

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Record payments revenue reached $18.1 billion. JPMorgan Chase’s stock closed at $251.13 on March 25, reflecting a 40.14% increase over the past 52 weeks. The stock offers a dividend yield of 1.99%.

Amazon (NASDAQ:AMZN), the e-commerce and cloud computing giant, also features among Cramer's picks. Despite a near 11% drop in its stock price over the past month following a dip in cloud computing revenue, the company remains influential. 

Amazon Web Services generated $28.8 billion in revenue in the fourth quarter, while its advertising segment produced $17.3 billion. Overall, net sales increased 10% year over year to $187.8 billion, with net income of $20.0 billion. 

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Amazon announced during its fourth-quarter earnings call on Feb. 6, that it plans to invest $100 billion in artificial intelligence this year, reinforcing its long-term strategy to expand AI capabilities, particularly within AWS. CEO Andy Jassy stated that the “vast majority” of this investment will be allocated to AI infrastructure.

As of March 25, Amazon’s stock closed at approximately $205.73, a 13% increase over the past year. Market analyst Jim Cramer described the stock as a "real winner in the AI selloff," highlighting investor confidence in the company’s AI-driven growth trajectory.

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This article 'Banks Will Never Go Out Of Business'—Jim Cramer Says JPMorgan Is Too Cheap To Ignore As It Hits Record $58.5B Profit originally appeared on Benzinga.com

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