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Faith in Wells Fargo

By Jim Cramer

 About this article:
 Banks are making enormous amounts of money. They make it every day because the amount they are paying you is now invisible, but their costs are going down because most of them have made mergers and are fantastic in taking costs -- plus, the lower rates have brought in a huge amount of business. But nobody believes because they are supposed to have so many bad loans on the books. The bank that is the least trusted at this point is the one that I trust the most: Wells Fargo . I trust it because before the Wachovia merger, the company had very few bad loans and had been an originator and then a seller of subprime. I know it looks like the bank has a huge amount of subprime, but in a fantastic interview yesterday with the CharlotteObserver.com, CEO John Stumpf answered a question about his huge...

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