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Rusty Braziel, A Closer Look At The CPI & Breaking Down Big Bank Earnings 10/14/22

Mad Money w/ Jim Cramer

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Wells Fargo for the Travel Trust

Wells Fargo which we own for the travel trust because I like it as a comeback story and once again the quarter was amazingly strong Wells gave you a very nice top and bottom line beat driven by rapidly rising yet interest margins and management's cost cutting efforts. Charlie Shore the CEO knows how to cut costs better than anyone in banking and everybody in banking would admit that even better Wells raised their full year net interest income forecast looking for 24 percent growth versus 20 2021 when it was up only 20 percent consumer banking solid. They're not exposed to the weaker parts of investment banking like Jake and Morgan is the reason we on Wells Fargo for the trust besides their expenses law efforts is that they've got more interest

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