at risk from interest-only mortgages and other types of higher-risk mortgage loans? CEO Richard Kovacevich, a guest on Jim Cramer's "Mad Money" show Thursday, says no, and he says inflation fears seem overdone.
Kovacevich said there were certain types of adjustable-rate mortgages and "exotic" loans that "do have some risk to them." But "we don't happen to do those," he said.
Cramer asked Kovacevich what he makes of the spike in bond yields Wednesday.
Kovacevich said he believes that "core inflation looks pretty good. ... I think what the bond market is concerned about ... is that the Fed is going to overshoot. I think the Fed should be pausing here."
To watch the complete interview with Kovacevich, and to get Cramer's take on the stock, click here.
At the time of publication, Cramer was long Wells Fargo.
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