Shortly after the opening bell, we will be selling 420 shares of Wells Fargo , at roughly $51.75 each.
Following the trade, Jim Cramer's Charitable Trust will own 2,670 shares of Wells Fargo, decreasing its weighing to 4.25% from 4.93%.
The end of the 2016 consent order is a clear-cut win for Wells Fargo.
WFC 1Y mountain Wells Fargo 1 year We are pleased to see Wells Fargo take a big step toward getting past the legacy regulatory issues, which CEO Charlie Scharf has worked to fix since taking over in 2019.
Due to its recent outperformance, our Wells Fargo position size has swelled to the largest in the portfolio at nearly 5%.
Persons:
Jim Cramer's, Wells, Charlie Scharf, Jim Cramer, Jim
Organizations:
Wells Fargo, Currency, CNBC, Federal Reserve, Wells
Locations:
Wells Fargo, Wells