TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is fond of Wells Fargo's (WFC) 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.