Cramer Calls Wells Fargo Cheap as Earnings and Easing Curbs Lift Bull Case

Overview

• Cramer said Wells Fargo shares trade at roughly 13.5 times earnings and called the valuation very cheap.
• He disclosed trimming a small portion of his position after a price spike while keeping it a large holding.
• He noted recent strains at regional banks but said he is not seeing signs of systemic problems.
• Recent results from big banks indicated Wells Fargo’s credit quality was very strong, according to his assessment.
• Investor commentary highlighted the lifting of a seven‑year Fed asset cap and other consent decrees, with Stephanie Link saying she sees further upside.