Reported 2 days ago
Jim Cramer expressed optimism about Wells Fargo, noting that CEO Charlie Scharf has revitalized the bank after overcoming regulatory challenges. He highlighted that Wells Fargo, alongside other banking giants, is undervalued in the market, trading at low multiples of projected earnings. Cramer mentioned the bank's substantial stock buyback as a sign of confidence and suggested that this trend indicates a promising future for Wells Fargo.
Source: YAHOO