Wells Fargo & Company (NYSE:WFC) shares have increased by 13% over the past year. Bank of America recently raised its share price target for the bank to $107 from $100, maintaining a Buy rating. The analyst noted that Wells Fargo appears to be trading at a discount compared to its peers, suggesting potential returns if this valuation gap narrows.
CNBC host Jim Cramer discussed the bank in a recent appearance. He has consistently praised Wells Fargo CEO Charlie Scharf throughout 2025, highlighting the bank's team-building efforts and benefits from the Federal Reserve lifting its asset cap. Cramer addressed the bank's latest earnings report, which showed net interest income of $12.33 billion, below analyst estimates of $12.46 billion. Wells Fargo's 2026 interest income forecast of $50 billion also fell short of the $50.3 billion estimate.
Following the earnings release, Cramer commented, "Well I think that, people did not like that Wells Fargo number, and I know Charlie felt, Charlie Scharf felt, very, I think not aggrieved, but he said well you know give me a break."