Jim Cramer: Will Wells Fargo Give Investors a Buyback?
TheStreet's Jim Cramer says Wells Fargo's second quarter earnings report could come with something special for investors.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer awaits second quarter earnings from Wells Fargo (WFC) - Get Report , set to be released on Friday before the markets open. 'Maybe Wells gives you a buyback on top of a decent quarter,' Cramer said. 'No one individual is allowed to own more than 10 percent of a bank and [a buyback] would force Warren Buffett over 10 percent.' Analysts expect the bank to report earnings of $1.01 a share on sales of $22.17 billion. During the same quarter last year, the bank reported profit of $1.03 a share with revenue of $21.3 billion.
