Jim Cramer Says Buy Wells Fargo at $36

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Jim Cramer says that he believes that JPMorgan's analysts are looking to upgrade Wells Fargo  (WFC) - Get Report from a hold to a buy. 

"We met with Jon Weiss, head of the Corporate and Investment Banking (CIB) segment at Wells Fargo, which is a key area being targeted for growth by the CEO. This is Wells’ most efficient segment, and a further improvement in its efficiency would come more from revenue growth rather than expense cuts – in fact, Wells needs to invest in growing this business," JPMorgan analysts wrote in a note on Wells Fargo Tuesday morning. 

"Wells also plans to grow trading revenues, which had been its fastest revenue driver in recent years before sharply lagging peers in 2020," the note continued. 

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