Cramer’s Morning Take: JPMorgan 1/7/26

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Jeff Marks (0:28)

Thy ticket, Lady Jennifer of Coolidge.

Jim Cramer (0:31)

Well many thanks, good sir.

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SPEAKER_1 (0:37)

They accept Discover at Renaissance fairs?

Jeff Marks (0:39)

Yeah, they do here.

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Jeff Marks (0:43)

Get it with the times.

SPEAKER_1 (0:46)

With the times? You're playing the lute.

Jim Cramer (0:50)

Yeah, and it sounds pretty good, right?

SPEAKER_1 (0:52)

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Jim Cramer (1:00)

Hey, it's Cramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting.

Jeff Marks (1:07)

The banks have also made, they're off to a really hot start this year.

Jim Cramer (1:10)

Do you think they're a parabolic move, or do you think we shouldn't be trimming some of them, maybe?

Jeff Marks (1:14)

Well, look, I think earnings next week, right, we'll see JPMorgan Tuesday, Wells Fargo Wednesday, Goldman Thursday. It has been an extraordinary run. I'm personally, I'm feeling a little bit greedy in some of these names. I know we did trim BlackRock earlier this week. But I think in terms of the setup, when the banks are just so hot into earnings, you usually see a pullback. So I'm just mindful of that. They were pretty big positions, Capital One, Goldman Sachs.

Jim Cramer (1:39)

They sure are. Wells Fargo has been great for us. I would tell you that this is, I think, the Capital One. We sold some at $240 and changed, right? Changed it. It's up 10 A quick 10 And this one is obviously a transformational, perhaps therefore a PE enhancing on a 12 times earnings multiple. But at the same time, Jamie Dimon starts and Jamie Dimon is notoriously cautious and I think he'll be even more cautious, given the fact about what's happened in Venezuela.

Jeff Marks (2:05)

Yeah. I mean, there's also scrutiny around valuations, Wolf Research. They downgraded four bank stocks today, including JPMorgan, Bank of America, US. Bancorp, M&T Bank. So we're restricted in trading these. This will be mentioned in the air.

Jim Cramer (2:17)

Yeah, and that must bother me because I'd like to do some trimming today.

Jeff Marks (2:20)

But yeah, it's just something worth thinking about.

Jim Cramer (2:25)

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All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

Jeff Marks (3:10)

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Jim Cramer (3:20)

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Jeff Marks (3:22)

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