Wells Fargo (WFC) “Came in Way Too Hot,” Says Jim Cramer

Group 1 - Wells Fargo & Company (NYSE:WFC) is one of the largest banks in America, with shares increasing by 13% over the past year [2] - Bank of America raised the share price target for Wells Fargo to $107 from $100, maintaining a Buy rating, citing a cheaper valuation compared to peers [2] - Jim Cramer expressed strong belief in Wells Fargo, praising CEO Charlie Scharf and the bank's ability to build a solid team, as well as benefiting from the Federal Reserve lifting its asset cap [2] - Recent earnings showed Wells Fargo's net interest income at $12.33 billion, missing analyst estimates of $12.46 billion, and the 2026 interest income forecast of $50 billion also fell short of expectations [2][3] Group 2 - Cramer noted that the market reaction to Wells Fargo's earnings was negative, indicating that investors were not pleased with the results [3]