Jim Cramer Discussed These 18 Stocks As Inflation Dropped

9. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders In Q3 2024: 72

Wells Fargo & Company (NYSE:WFC) is one of the biggest domestic banks in America. Its shares gained 44.5% in 2024, with most of the gains coming during the latter half of the year. After President-elect Trump’s victory in the November election, Wells Fargo & Company (NYSE:WFC)’s stock surged by 13.8% as markets bet on the bank’s ability to benefit from a lax regulatory environment. Then, in January 2025, the shares jumped by 6.7% after Wells Fargo & Company (NYSE:WFC)’s net income forecast of $47.7 billion and a 59% investment banking fee jump in Q4 impressed investors. Here is what Cramer said:

“[On a changed regulatory environment following Trump’s win] Well look I think that the one I wanna focus on there is Wells Fargo. They’ve been burdened by the most, the worst regulatory environment since 2017. And it looks like finally, they’re putting a lot of that behind them. But more important, again, is this notion of tone.

“They are the national bank, David, they are not the international bank. They are the middle market bank, they are the bank that seems to be most connected to just the day-to-day lending in the country and a national footprint. And the numbers were really superb. And Charlie can do whatever, Charlie Scharf.

“I think that, I will say that, this is the hand that Charlie Scharf’s been waiting to play. He’s got a lot of guys that used to be at JPMorgan. We haven’t talked about JPMorgan’s numbers yet. He’s got a regulatory regime that seems to be behind him. He bought back a ton of stock when it was incredibly cheap. And he’s always been a great technologist. We haven’t even seen that work yet. So, yes, I feel like you can be bullish for more than 11 am today.”