Cramer's 'Mad Money' Follow-Up: Wells Fargo

On Thursday's "Mad Money" show, Jim Cramer said that Wells Fargo's(WFC Quote) earnings beat is a game-changer, demonstrating there are massive profits to be made in banking. He also said the earnings beat is indicative of a housing bottom.

Cramer was also bullish on JPMorgan(JPM Quote) and Bank of America(BAC Quote).

On Monday, Wells Fargo closed up 6 cents, or 0.3%, at $19.67, while JPMorgan added 95 cents, or 2.9%, to $33.70, and BofA added $1.47, or 15.4%, to $11.02.

News that qualifying insurers will be eligible for TARP prompted Cramer to release a few insurers from his "Sell Block," including Principal Financial(PFG Quote), Prudential(PRU Quote), Lincoln National(LNC Quote) and Hartford Group(HIG Quote). While he didn't want to own any of them yet, he said they were no longer toxic and that TARP will solve a lot of their problems.

On Monday, Principal closed up 50 cents, or 3.5%, at $14.97, Prudential closed up $1.47, or 5.4%, at $28.97, Lincoln added 16 cents, or 1.5%, to close at $10.24, and Hartford was up 76 cents, or 7%, at $11.56.