Jim Cramer recently discussed JPMorgan Chase & Co. (NYSE:JPM) as financial services stocks made gains. Cramer praised the firm’s balance sheet, calling it a “fortress,” and highlighted its 15x earnings multiple as a positive in a market with many expensive stocks. He also mentioned CEO Jamie Dimon in his remarks.

While JPMorgan Chase & Co. (NYSE:JPM) shows potential as an investment, some believe AI stocks offer greater promise for higher returns with limited downside risk. An AI stock benefiting from Trump tariffs and onshoring is highlighted in a free report. For more insights, check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now.”

In terms of valuation, Cramer mentioned the need to pay more than 15 times earnings for JPMorgan Chase & Co. (NYSE:JPM), despite it being at its high point. Comparing it to stocks trading at 24 times earnings but growing slower, he emphasized the appeal of the firm and its importance in the banking sector.

Read more at Yahoo Finance: Jim Cramer Discusses JPMorgan’s (JPM) Valuation