Jim Cramer Says Wells Fargo (WFC) "Deserves to be Let Out of the Doghouse"

We recently published a list of Jim Cramer Put These 14 Stocks Under the Microscope. In this article, we are going to take a look at where Wells Fargo & Company (NYSE:WFC) stands against other stocks that Jim Cramer discusses.

Discussing how deregulation would be good for companies, Cramer mentioned Wells Fargo & Company (NYSE:WFC) and said:

“There are many reasons why Trump won in November, inflation, immigration, cultural backlash, but there’s one reason why the business community got behind him in a way they never really did in 2016 or 2020, and that’s deregulation… This morning, we got the chance to interview Charlie Scharf, the CEO of Wells Fargo. Talked about the Federal Reserve’s removal of the asset capital on this bank last night… Wells certainly had it coming back then, but it was a severe penalty… I knew the Biden administration wouldn’t lift the cap. They had zero sympathy for big business, and they didn’t like the banks…

… I welcome this deregulation, not because I’m some sort of laissez-faire ideologue, but because it allows competition to scale. Wells Fargo can now give JPMorgan a run for its money…

… While I’m at it, let me say that both of these stocks are tremendous buys… Wells Fargo will be able to save a ton of money as the endless compliance monitoring may have finally run its course. Seven years of purgatory is enough already. The all-new Wells deserves to be let out of the doghouse. My hope is that the deregulation will continue because that’s exactly what we need after four years of heavy-handed regulation. Capital One Discover, no cap on Wells Fargo, all I can say is it’s about time.”

Wells Fargo (NYSE:WFC) is a financial services company that offers banking, investment, mortgage, and other financial products. It serves customers around the world.

Overall, WFC ranks 13th on our list of stocks that Jim Cramer discusses. 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.

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