Wells Fargo (WFC) "Came in Way Too Hot," Says Jim Cramer

We recently published 15 Fresh Stocks Jim Cramer Discussed.  Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer discussed.

Wells Fargo & Company (NYSE:WFC) is one of the biggest banks in America. The shares are up by 13% over the past year. Bank of America started 2026 on a strong note for the bank as it raised the share price target to $107 from $100 and kept a Buy rating. A cheaper valuation was at the heart of the commentary as BofA outlined that Wells Fargo & Company (NYSE:WFC) appeared to be trading at a discount to its peers. BofA added that the stock could provide returns if the valuation gap narrowed. Cramer is a strong believer in the bank. Throughout 2025, he continued to praise Wells Fargo & Company (NYSE:WFC)’s CEO, Charlie Scharf, and praised the bank’s ability to build a solid team and the tailwinds from the Federal Reserve lifting its asset cap. In this appearance, the CNBC TV host discussed the bank’s recent earnings numbers. The results saw Wells Fargo & Company (NYSE:WFC)’s net interest income of $12.33 billion miss analyst estimates of $12.46 billion and its 2026 interest income forecast of $50 billion also fell short of $50.3 billion in estimates. Here’s what Cramer said after the earnings:

“Well I think that, people did not like that Wells Fargo number, and I know Charlie felt, Charlie Scharf felt, very, I think not aggrieved, but he said well you know give me a break.

“Wells Fargo was up 35%, it came in way too hot”

While we acknowledge the potential of WFC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.