Wells Fargo (WFC)’s Moved the Table, Says Jim Cramer

Core Viewpoint - Wells Fargo & Company (NYSE:WFC) has shown significant improvement in its stock performance and analyst ratings following the removal of the Federal Reserve's asset cap in June 2025, with a year-to-date stock increase of 34.5% [2]. Group 1: Analyst Ratings and Financial Performance - Truist reiterated a Buy rating on Wells Fargo's shares after the bank's fiscal third-quarter earnings report, which reported $21.44 billion in revenue and $1.73 in earnings per share, both exceeding analyst estimates [2]. - Truist increased the share price target for Wells Fargo to $100 from $90 on December 18th, following a similar increase by Keefe, Bruyette & Woods, which raised its target to $101 from $92 on December 17th [2]. - Analysts, including Jim Cramer, express optimism about Wells Fargo's transformation and its potential for future growth [3]. Group 2: Company Transformation - Jim Cramer noted a significant change in Wells Fargo, indicating a shift from being a traditional bank to a more dynamic entity involved in deal-making, highlighting the diverse backgrounds of its current leadership [3].