Jim Cramer: Wells Fargo Is Great Despite High Multiple

Jim Cramer is fond of Wells Fargo's stock, despite its elevated multiple.
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TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is fond of Wells Fargo's (WFC) - Get Report stock, despite its elevated multiple. 'Wells Fargo is such a good company,' Cramer said. 'Even though it's a high multiple stock, there's no reason why it can't go back to $55.' The stock currently trades at $50.65 a share.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.