Jim Cramer Says the Next Trillion-Dollar Stock is “More Likely to Be the Stock of JPMorgan”

JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks stocks Jim Cramer recently discussed. Cramer said that it could be the next trillion-dollar stock. He stated:

“The anomaly this time, it looks like the next trillion-dollar stock won’t be Eli Lilly. If anything, it’s more likely to be the stock of JPMorgan, a bank… JPMorgan’s at just over $850 billion, up 29% for the year… To me, this is a monumental move, people, a bank stock putting on that kind of market cap, right on the eve of an incredibly important Fed meeting where everyone seems to be expecting a quarter-point rate cut despite a recent uptick in inflation. What’s going on here? First, understand the trillion-dollar barrier is really hard to cross…

Photo by Yiorgos Ntrahas on Unsplash

JPMorgan Chase & Co. (NYSE:JPM) provides financial services, including consumer banking, lending, payments, credit cards, mortgages, and investment products. The firm also offers investment banking, securities services, asset management, and wealth solutions for individuals, businesses, institutions, and governments.

While we acknowledge the potential of JPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

View Comments