Jim Cramer Put These 16 Stocks Under a Microscope

3. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 96

A caller asked if they should increase their position in Wells Fargo & Company (NYSE:WFC) and Cramer replied:

“Well, it’s at 12 times earnings. You know what? There’s no hurry. I like it. I talk it a bit over with Jeff Marks every day because we own it for the club, but I’m not going to tell you to go run out and you have to buy it right here. I mean maybe it comes in a little and it gives you a better chance, better entry point, so to speak.”

Wells Fargo (NYSE:WFC) is a global financial services firm that provides a variety of banking, investment, mortgage, and financial solutions. On March 19, Cramer remarked:

“And there’s the banking cycle. Now that’s en fuego, it’s smoking. I mean, it’s crazy. The lack of Democratic regulatory headwind and the slower rate cut cycle, good for them. Wells Fargo, Goldman Sachs, JPMorgan screaming higher. Doesn’t hurt that the whole industry seems very confident that the Trump regulators will be more bank-friendly than the Biden regulators. Well, no kidding, who wouldn’t be?”