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Jim Cramer: Wells Fargo Is Just Like Chipotle; Takes 18 Months to Recover From Disaster

May 22, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer said it will take Wells Fargo and Chipotle 18 months to recover from their respective disasters.

With Chipotle, it was the E. coli outbreak and Wells Fargo suffered from its fake bank account scandal.

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Cramer said Action Alerts PLUS is staying long on Wells Fargo as the bank benefits from Federal Reserve interest rate hikes.

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