Jim Cramer Discusses Wells Fargo (WFC) & Trump Credit Card Cap

We recently published 13 Stocks Jim Cramer Commented On. Wells Fargo & Company (NYSE:WFC) is one of the stocks Jim Cramer commanded on.

Banking giant Wells Fargo & Company (NYSE:WFC)’s shares are up by 11% over the past year. However, in 2026, the stock is down by 8.7%. Wells Fargo & Company (NYSE:WFC)’s shares tumbled in January after the bank reported its fourth-quarter earnings. The results saw it post $1.62 in net income per share, which missed analyst estimates of $1.67. Part of the reason Wells Fargo & Company (NYSE:WFC) suffered from profitability was its severance costs. The results saw the bank outline $612 million in severance expenses. Additionally, Wells Fargo & Company (NYSE:WFC) also forecast $50 billion in interest income for 2026, which sat slightly below analyst estimates of $50.33 billion. Recently, bank stocks also suffered after President Trump raised the possibility of capping credit card interest rates at 10%. Cramer remarked that Wells Fargo & Company (NYSE:WFC) and other banks have to respond to the possibility quickly:

“They better get on the case. This is something that, everything involving credit card, also Visa, Mastercard. It is always going to Congress. And Congress has an affinity for the banks, because there are bankers in every single area. And one of the great areas for profit is the credit card. I think that if you listen to the real, the bankers will say, listen, some people will have to pay more. And it’s very clear, if you ever go and look at their website to be able to buy things, it’s clear that [inaudible] is in the house.

“. . .Again, ten percent with a thousand dollar credit line, could work for one year, and they have to come to the table or else they’re gonna be made fun of and embarrassed everyday.”

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Disclosure: None. This article is originally published at Insider Monkey.