Reported 1 day ago
Jim Cramer remains optimistic about Wells Fargo (NYSE:WFC) despite a downgrade from Raymond James, who shifted their recommendation from Strong Buy to Market Perform. Cramer argues that the bank's fundamentals remain solid, citing its recent lifting of the asset cap by the Fed that allows for increased lending and emphasizing that Wells Fargo's valuation is comparable to other banks. He expresses skepticism about the analyst's downgrade, asserting that the stock still has room for growth.
Source: YAHOO