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Wells Fargo: The Best-Capitalized Bank?

 Wells Fargo: The Best-Capitalized Bank? Wells Fargo has been under fire in recent years for a number of scandals, including opening millions of fake accounts and charging customers for unnecessary fees. However, some investors believe that the bank is now a different company. Jim Cramer, host of CNBC's "Mad Money," called Wells Fargo the "best-capitalized bank" on May 16, 2023, following a $1 billion settlement with the Consumer Financial Protection Bureau. Cramer said that the settlement was a "good thing" for Wells Fargo and that it would allow the bank to move on from its past problems. He also said that Wells Fargo is well-positioned to benefit from rising interest rates and that the stock is a buy. Cramer's comments came after Wells Fargo reported first-quarter earnings that beat analysts' expectations. The bank also announced that it would be increasing its dividend by 20%. Wells Fargo has a strong balance sheet and a large customer base