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

Jim Cramer said that the bank's earnings beat was a game-changer.

On Thursday's "Mad Money" show, Jim Cramer said that Wells Fargo's (WFC) - Get Wells Fargo & Company Report 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


(JPM) - Get JPMorgan Chase & Co. (JPM) Report


Bank of America

(BAC) - Get Bank of America Corp Report


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) - Get Principal Financial Group, Inc. Report



(PRU) - Get Prudential Financial, Inc. Report

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Lincoln National

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Hartford Group

(HIG) - Get Hartford Financial Services Group, Inc. (HIG) Report

. 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.

At the time of publication, Cramer was long Wells Fargo and JPMorgan.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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