Jim Cramer Calls Wells Fargo CEO "Terrific"

Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer highlighted recently. Cramer talked quite positively about the firm’s CEO, as he remarked:

“Now we gotta go down to the companies that have been buying back stock at a 4% clip annually to find the two that I want to pound the table on right here and right now: Wells Fargo and Apple. Wells spoke today at a conference. I liked everything I heard. Here’s what we told club members: ‘Wells has bought back $5.5 billion of its stock so far this quarter. That’s the most the bank has bought back in a single quarter all year.’

A huge, and by the way, that is a huge sign of confidence from CFO, Michael Santomassimo, who said that he’s seeing green shoots now that the Feds removed the asset cap penalty on Wells. I’d be a buyer if we didn’t already own so much of it for my Charitable Trust. And I know Charlie Scharf is on tomorrow morning. I want to listen to him. He’s the CEO and he’s terrific.”

Wells Fargo & Company (NYSE:WFC) provides financial services, including banking, lending, investment, and wealth management solutions. Its offerings include consumer, commercial, corporate, and institutional clients across multiple financial products and advisory services.

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