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Jim Cramer Prefers Bank of America Over Wells Fargo

Jim Cramer prefers Bank of America's (BAC - Get Report) stock to Wells Fargo (WFC - Get Report) .

"Wells has got growth, Bank of America has deep value," he says in a Wednesday interview with TheStreet's Rhonda Schaffler at the New York Stock Exchange.

One reason is because Cramer sees a potential correlation between Wells Fargo's stock and oil prices, with 2% of their loans outstanding held in the oil and gas portfolio totaling $17.8 billion.

"Wells Fargo and oil went up," Cramer adds. "Wells Fargo rallied, and now its above where it was when they announced, even though people though it wasn't that good of a quarter."

Wells Fargo released earnings last week...


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