CNBC's Jim Cramer said Friday investors should avoid the temptation to sell Wells Fargo's stock, even though the bank posted quarterly earnings that only met expectations.
Shares of Wells Fargo were down in late-morning trading Friday after the company reported earnings of $1.01 a share, matching forecasts, on revenue of $21.07 billion. Analysts had expected Wells Fargo to deliver sales of $20.84 billion, according to a consensus estimate from Thomson Reuters. (Click here to track the shares)
The company posted earnings of 98 cents a share in the same period a year ago.