Jim Cramer on Wells Fargo: "That's a Winner"

Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer looked at recently. Cramer was bullish on the stock during the episode, as he remarked:

But the other mind says you can’t jump in front of a speeding freight train. Far better to just own the stocks of companies with big software spending that can presumably save fortunes. Public companies that can… Wells Fargo, they just hired a technologist from Amazon Web Services to help the bankers find the hidden savings. That’s a winner.

Wells Fargo & Company (NYSE:WFC) provides financial services, including banking, lending, investment, and wealth management solutions. Cramer mentioned the stock during the January 23 episode, when a club member asked about businesses that would “benefit from AI advancements beyond the producers of chips and energy and infrastructure.” He stated:

I’m thinking of businesses that implement the technology to enhance their efficiency. That’s going to be the banks. The banks don’t talk much about it. The one that I think has the best handle on it is Wells Fargo. It’s a big reason why we own it for our Charitable Trust. WFC is the stock for you.

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.

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