We recently published 10 Stocks on Jim Cramer’s Radar. Wells Fargo & Company (NYSE:WFC) is one of the stocks on Jim Cramer’s radar.
2025 has been an important year for Wells Fargo & Company (NYSE:WFC) after the Federal Reserve finally removed its asset cap on the firm in June. Year-to-date, the stock is up by 34.5%. Since then, the bank has seen several analysts share their opinions about it. For instance, on November 12th, Truist reiterated a Buy rating on Wells Fargo & Company (NYSE:WFC)’s shares after the bank’s fiscal third-quarter earnings report. The results saw the bank report $21.44 billion in revenue and $1.73 in earnings per share. Both of these metrics beat analyst estimates. Truist’s latest action on Wells Fargo & Company (NYSE:WFC)’s shares came on December 18th, when it maintained a Buy rating and increased the share price target to $100 from $90. The price target bump came after Keefe, Bruyette & Woods had also increased the target to $101 from $92 on December 17th and reiterated a Market Perform rating. Cramer is also quite optimistic about Wells Fargo & Company (NYSE:WFC) as are the analysts:
“Something we talked about earlier this week, there’s a change in Wells Fargo. This was a bank that we said, they’re around the table, the kitchen table. Now they’re around the table, the deal table. David, you have said over and over again, [inaudible] seeing the names of the people who work at Wells, and they’re not Wells people. They’re from everywhere. A lot of these people are people I think weren’t able to become CEO at their companies because the CEO himself wouldn’t retire.
“David, one thing I would point out, Charlie Scharf, many people know, is just one of the nicest people. And he’s a regular person, and that’s attractive to the people who are leaving the master of the universe firm. To go to someone who just says let’s get it done. . .I’ve had one shouting match with Charlie, I feel badly about it, I want to take it back Charlie, I apologize, because I said why aren’t you buying more stock back? And he said, we’re buying back plenty. Well the fact is, they bought back so much. They bought back everything they could. . .”
While we acknowledge the risk and potential of WFC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WFC and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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