JPMorgan Chase could be the next company to hit $1 trillion in market cap, Jim Cramer says

Monday - Friday, 6:00 - 7:00 PM ET

In this article

CNBC’s Jim Cramer on Monday reviewed the only six U.S. companies currently valued between $500 billion and $1 trillion, and he ranked JPMorgan Chase

as the one most likely to be the next to reach $1 trillion.

“The reason I have JPMorgan as the favorite in this race, with three to one odds, is very simple: the banks are on fire right now, and right now this stock is ridiculously cheap … This thing trades at 15 times this year’s earnings estimates,” he said. “If we get a little multiple expansion and people, say, they start paying 17.5 times next year’s earnings estimates, then JP Morgan wins this race in a heartbeat.”