Wells Fargo & Company (NYSE: WFC) is a key player in the recent macro rally, according to Jim Cramer. The banks, including Wells Fargo, are seen as crucial to the market’s health and are leading the current rally, indicating a positive economic outlook.

Cramer revealed that Wells Fargo & Company (NYSE: WFC) is one of the largest positions in his trust and has been trimmed slightly after a spike in value. Despite concerns about regional banks, Cramer believes Wells Fargo is undervalued at 13.5 times earnings, offering potential for growth.

While Wells Fargo (WFC) presents investment potential, some AI stocks may offer greater upside with less risk. Investors seeking undervalued AI opportunities can explore the best short-term AI stocks for potential growth amidst market trends.

For more insights on stock investments, explore the list of 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now for potential opportunities. This article is originally published on Insider Monkey.

Read more at Yahoo Finance: Jim Cramer Says Banks Like Wells Fargo Are the “Real Measure of the Economy’s Health”