TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer explains why shares of Goldman Sachs aren’t higher following its better-than-expected second quarter earnings report released Tuesday. ‘Bank of America knows how to make money, Citigroup knows how to make money and JPMorgan Chase can make an absolute ton of money,’ Cramer said. ‘So you have a lot of comparisons that are very hard – the fixed income business was excellent for Goldman and the expense control was excellent for Goldman, but the other guys delivered such remarkable quarters and Goldman ran up because of them, so that’s why it’s muted.’ Goldman Sachs shares dipped 0.9 percent in midday trading Tuesday.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
