Cramer's 'Mad Money' Recap: Seeing Green

Stumpt said green is important to the bank's shareholders, customers and society. He said the company is involved with some "really important projects where we can do well and do good at the same time."

He said Wells Fargo's green efforts have absolutely resonated with younger people, as well as the middle-aged and the elderly.

When Cramer asked Stumpf if he's shocked when he hears about all the foreclosures, the CEO said that this is the third housing cycle he's seen, but this one was different from the other two because so much demand was created five or six years ago when interest rates were low.

However, from Wells Fargo's perspective, the bank is triple-A rated by Standard & Poor's and Moody's and it has a strong balance sheet, Stumpf said. "So this is an opportunity for us." Moreover, Stumpf said he likes the company long term.

If people have to own one bank, Cramer said they should consider the "well-run" Wells Fargo.

Am I Diversified?

During the "Am I Diversified?" round, Cramer's first caller asked about these five stocks: Kraft (KFT Quote), Research In Motion (RIMM Quote), VMware (VMW Quote), EMC (EMC Quote) and Altria (MO Quote).

Cramer said he sees a lot of problems with this portfolio. First, EMC and VMware are basically the same kind of tech company, he said. Additionally, RIMM is a tech stock, too. Plus, Altria and Kraft are too much alike.