Jim Cramer Declares Wells Fargo's Stock Price Rise as "Total Vindication"

Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer shed light on. Cramer mentioned the stock’s rebound after earnings, as he commented:

“Now, how about this? Wells Fargo. Now, here’s a company that actually guided lower when it reported. Charlie Scharf, the CEO, talked about the need to invest in the company’s business after seven years of pretty much being on hold because of regulatory straitjacket.

Normally, in this market, a company would be penalized for spending money on anything but a buyback or dividend boost, but Wells Fargo stock is now up from when it reported, a tacit admission that when things are good and getting better, it’s worth investing heavily in your own business. And that’s exactly what Wells is doing. We own this one for the Charitable Trust. Stock’s rebound from last week’s lows. Total vindication.”

Wells Fargo (NYSE:WFC) delivers financial services, including banking, lending, investment, and wealth management solutions for individuals, businesses, and institutions.

While we acknowledge the potential of WFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.