Jim Cramer: Wells Fargo Is Great Despite High Multiple
Jim Cramer is fond of Wells Fargo's stock, despite its elevated multiple.
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.
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