NEW YORK (TheStreet) -- Shares of Wells Fargo & Co.  (WFC) - Get Report are higher by 0.69% to $55.48 in afternoon trading Tuesday, following upbeat comments on the bank late yesterday by TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio.

Late Monday, Cramer said Wells Fargo stock is attractive because it doesn't have the same kind of litigation costs that the other banks do.

In addition, Cramer pointed out that the bank has an attractive fee-based business.

Exclusive Report:Jim Cramer's Best Stocks for 2015

This morning, Wells Fargo announced the launch of Path to Good Credit, a series of interactive websites that offer consumers information about building and improving their credit.

The company said its survey revealed that 78% of Americans want to learn more about money management, with 53% of participants interested in specifically learning more about credit.

San Francisco-based Wells Fargo is a diversified financial services company with three operating segments including community banking, wholesale banking and wealth, and brokerage and retirement.

The company provides retail, commercial and corporate banking services through banking stores and offices, the Internet and other distribution channels to individuals, businesses and institutions.

Separately, TheStreet Ratings team rates WELLS FARGO & CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate WELLS FARGO & CO (WFC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • WFC's revenue growth has slightly outpaced the industry average of 4.1%. Since the same quarter one year prior, revenues slightly increased by 3.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • WELLS FARGO & CO's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, WELLS FARGO & CO increased its bottom line by earning $4.10 versus $3.89 in the prior year. This year, the market expects an improvement in earnings ($4.18 versus $4.10).
  • The net income growth from the same quarter one year ago has exceeded that of the Commercial Banks industry average, but is less than that of the S&P 500. The net income increased by 1.8% when compared to the same quarter one year prior, going from $5,610.00 million to $5,709.00 million.
  • The gross profit margin for WELLS FARGO & CO is currently very high, coming in at 93.37%. Regardless of WFC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, WFC's net profit margin of 25.43% compares favorably to the industry average.
  • You can view the full analysis from the report here: WFC Ratings Report