Jim Cramer Says He Likes “Wells Fargo Now That Its Asset Cap Has Been Lifted”

Group 1 - Wells Fargo & Company (NYSE:WFC) has seen a spike in its stock price following the Federal Reserve's rate cut, indicating a positive market reaction [1] - The company's valuation is shifting from net interest income to a focus on lending capacity, as demand for loans is expected to increase [1] - The lifting of Wells Fargo's asset cap is viewed positively, enhancing its potential for growth in the banking sector [1] Group 2 - Wells Fargo provides a range of financial services, including banking, lending, investment, and wealth management solutions [2]