Wells Fargo Is 'Positioned To Make More Money' Despite Higher Rate Fears, Says Jim Cramer Following Q3 Earnings
Jim Cramer notes Wells Fargo is "positioned to make more money" amid higher interest rates following the bank's strong Q3 earnings report.
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Why It Matters
Wells Fargo made more money than expected this quarter. When interest rates stay high, banks can earn more from loans they give out.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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