Goldman Sachs Group Inc (GS)

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Jim Cramer: Keep an Eye on Goldman Sachs
By: TheStreet | December 4, 2020

• Jim Cramer shares insights about buying Dollar and Goldman Sachs, and evaluating President-elect Joe Biden’s economic team.

Goldman Sachs Stock: Buy or Sell?

Last month, it was announced that Goldman Sachs’ (GS) - Get Report co-head of investment banking Gregg Lemkau is leaving the firm, several media outlets reported.

He was considered a contender to eventually become chief executive at the storied investment bank but instead is joining Michael Dell’s investment firm, MSD Capital, knowledgeable sources told The Wall Street Journal.

The firm manages the assets of Dell, who founded Dell Computer, and his family.

Goldman posted relatively weak performances from the end of the financial crisis almost until October 2018, when David Solomon took over as CEO.

Cramer is expecting that evictions will happen as people may start to get rid of tenants who can’t pay rent. He thinks that there are landlords who are stressed to the limit with the banks.

He added that if investors are considering owning a bank stock, then they should consider Goldman Sachs because they don’t have that eviction risk.

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