Jim Cramer’s Latest Lightning Round: 8 Stocks in Focus

2. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 72

Cramer thinks that 2025 will be a great year for Wells Fargo & Company (NYSE:WFC) and mentioned that he is a buyer of the stock.

“I like Wells Fargo right here. I think it’s gonna be a fantastic year in 2025. I would be a buyer of Wells Fargo.”

Wells Fargo (NYSE:WFC) is a prominent global financial services institution, offering a wide range of banking, investment, mortgage, and financial products. Over the past few years, the company’s earnings profile has changed significantly. This shift has led to a more diverse revenue structure. In particular, its fee-based revenue has seen a 16% increase during the first nine months of the year, helping to offset challenges faced in net interest income.

The bank continues to focus on its efficiency initiatives with expenses down from a year ago and headcount down for 17 consecutive quarters. Additionally, Wells Fargo has maintained growth in its credit card portfolio, with balances increasing for 13 consecutive quarters. The company’s management noted that after several years without growth, the number of net checking accounts has risen for three straight quarters, and management has observed an increase in the company’s share of debit cards.

In the third quarter, its mobile mobile active users grew by 1.6 million or 5% from last year. Additionally, Wells Fargo (NYSE:WFC) is also approaching a significant regulatory milestone. It is nearing the completion of tests required to lift a $1.95 trillion asset cap that was imposed on the bank in 2018 following the fake accounts scandal. As reported by Reuters on December 11, CEO Charlie Scharf expressed greater confidence in the company’s progress toward resolving its compliance issues. Scharf emphasized that detailed plans have been implemented to address regulatory requirements, and these plans are regularly reviewed by regulators.