Jim Cramer on Wells Fargo: “Bank at 13 and a Half Times Earnings is Very Cheap”

Group 1 - Wells Fargo & Company (NYSE:WFC) is viewed as a potentially undervalued stock, trading at 13.5 times earnings, which is considered cheap [1] - The Federal Reserve has lifted the asset cap on Wells Fargo, which has generated interest among investors [1] - Despite recent challenges facing regional banks, there are no systemic issues currently observed in the banking sector [1] Group 2 - Wells Fargo provides a range of financial services including banking, investment, mortgage, lending, wealth management, treasury, and capital markets solutions [2]