TheStreet’s Jim Cramer is keeping an eye on Goldman Sachs on Thursday when the company releases its third quarter fiscal 2015 earnings results before the opening bell. Cramer says, ‘if you look at the part of J.P. Morgan that was weak, you may say, wow wait a second Goldman Sachs may not be that good either.’ But he warns investors, ‘before you start selling the stock, remember, this is now selling at one of the lowest price to earnings multiples it’s seen, they can open the window to start partner selling after they report. The time to buy it, even if it’s good, is wait two days.’ Cramer says he likes the banks in this order: first he likes Bank of America, then Wells Fargo, then J.P. Morgan. ‘Goldman may be fourth in the pecking order’, he says. Analysts expect the company to earn $2.91 a share on revenue of $7.14 billion for the quarter.
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