"Not a great quarter." That's how Jim Cramer on Tuesday summed up another lackluster quarter from Wells Fargo.
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We think that Wednesday's drop in shares of Wells Fargo is more reflective of profit-taking than concerns about the year ahead.
Analyst David George downgraded the bank.
The bank paired better-than-expected results with a more optimistic profit outlook.
Wells Fargo's new price target implies that shares of Netflix could add 6% from here.
"It's a very hard business," Jim Cramer acknowledged.
The stock is one of seven out-of-favor names Jim Cramer highlighted at our recent Monthly Meeting.
