Jim Cramer Said These 13 Stocks Can Hold Their Value Amid Tariffs

10. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 96

Cramer discussed that all banking stocks, including Wells Fargo & Company (NYSE:WFC), stand a chance to do well due to the personnel change among regulators.

“Oh and let’s throw in pretty much every bank. The number one is Wells Fargo, it’s American, it’s well run. It’s been a poster boy for the regulators, which are now going to be gutted, sprayed, and neutered.”

Wells Fargo (NYSE:WFC) is a financial services company offering a variety of banking, investment, mortgage, and financial products. Oakmark Funds stated the following regarding the company in its Q4 2024 investor letter:

“Wells Fargo & Company (NYSE:WFC) was the top contributor during the quarter. The U.S.-headquartered diversified bank’s stock price rose after reporting what we see as solid third-quarter earnings where the company’s efficiency ratio continued to improve as expenses were well controlled. The fee income segment also performed well, growing 12%. In addition, Wells Fargo had the opportunity to repurchase $3.5 billion in shares during the period, bringing the full-year repurchase to roughly $16 billion. In November, the stock price continued its upward trend following the U.S. presidential election as investors are optimistic that the financials sector will benefit from looser regulations and lower corporate taxes, thus stimulating a better environment for dealmaking. We continue to believe that Wells Fargo is a competitively advantaged bank that can use its superior business mix and return potential to unlock further value.”