Jim Cramer used his Tuesday appearance on Squawk on the Street to again spotlight financial shares he believes are priced too low. The discussion was framed around two financial stocks that he sees as outrageously cheap, with JPMorgan Chase & Co. getting the clearest attention in the available report.

According to the snippet, Cramer continued to praise JPMorgan and emphasized the bank's valuation multiple. That suggests his bullish view is tied less to short-term headlines and more to how the market is currently pricing one of the biggest names in U.S. banking.

JPMorgan has frequently been treated by investors as a bellwether for the broader financial sector, so renewed positive commentary from Cramer is likely to draw interest from traders watching large-cap bank stocks. His latest remarks appear to build on earlier discussions in which he argued the company was not receiving full credit in its stock price.

While the trimmed report does not identify the second financial stock in detail, the overall takeaway is clear: Cramer sees value in select financial names even after a volatile period for the sector. For readers following bank stock valuation and market commentary, JPMorgan remains the central focus of his latest bullish case.