After poring through the latest earnings release from Goldman Sachs, Cramer was nothing short of shocked.
"Goldman Sachs dazzled," said an awed Jim Cramer. "I was truly shocked at how much money was made by equities, fixed income and commodities. Goldman has a return on equity of 15%, much much higher than people thought."
By the numbers, earnings excluding items jumped to $5.60 per share from $1.84 a share in the year-earlier period, with net revenues improving to $9.24 billion from $6.05 billion a year ago. The bank saw net earnings of $2.89 billion in the quarter, with an annualized return on equity of 16.5 percent