Jim Cramer explains why Chemical Financial is unlike the rest of the bank stocks.
CNBC's Jim Cramer on Friday said Chemical Financial, a regional bank with more than 200 locations, is worth a buy.
The security has rebounded in recent weeks and trades at a slight premium to its tangible book value, which is the the company's value if it were to be liquidated, Cramer said. It sells for 9-times next year's earnings estimates, he added.Get his insight hereThe March employment report was good enough to dim worries about a recession and not rattle the Federal Reserve, Cramer said.
"I think you should buy this stock ahead of ... Wednesday, when I expect everyone to hear that Burlington's issues have been cleared up," the host said. Although shares of Tradeweb are selling for roughly 31-times 2019 earnings estimates, MarketAxess, another electronic trading platform for bonds, is trading for 50-times earnings, he said.
The stock has been a tough one to own, Cramer said, but he wonders if things could change now that the company has new management.In Cramer's lighting round, the"Mad Money" host zips through his responses to callers' questions about stocks.
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