and that's why i was thrilled to sit down with john stumpf. he's the chairman of the big dog, ceo wells fargo. find out what's really going on in banking in general and the company's stock in particular. take a look. >> now, it seems since we saw you last everyone's gotten so gloooo. you had a great quarter. wow, geez, oil and gas loans, it's got to be slowing down, there's not going to be the rate we@don't think wells fargo can earn as much money. >> we've been in a low rate environment for a long time. we never base our business model we're in the real company and we take in the process, we make loans, and we have been growing net interest income even though our margins have been falling. so those are really the things we look at. can we do more business with more customers and be more relevant to more americans? that's been the secret sauce as part of being a diversified business model. >> when i went over the conference calls, people just keep saying, well, wait a second, $17 billion in oil and gas loans, oil going through 30, how many of

that's john stumpf, chairman and ceo. plenty more from cnbc 1 market. yum brands, palo alto networks, new england patriots tight end rob gronkowski. not a niner. sorry. and a company that has been a household name for more than 100 years that's from here. stay with cramer. >> announcer: clorox has come a long way from corked bottles of bleach. from making clean a little more green to the science behind a innovations continue to keep the stock in the clear? coming up on "mad money's" "invest in america." countdown to kickoff. don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer. #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. wish your skin could bounce back as quickly as it used to? neutrogena hydro boost water gel instantly quenches skin to keep it supple and hydrated day after day. formulated with hydrating hyaluronic acid which retains up to 1000 times its weight in water this refreshing water gel plumps skin cells with for s

. >> we sat down with john stumpf of wells fargo. he was talking about millennials and how they love to bank on their cell phone and how important it is to be mobile, global, cloud and he mentioned salesforce. that's your win. right? >> i'll tell you. we have an incredible relationship with many banks including wells fargo. of course we have a great relationship with bank of america. we have inkreebl credible relationship with deutsche bank. there isn't a bank on the planet we are not doing incredible new business with. look, these customers need to do four things, jim. one, they are trying to connect to customers in new ways which is the point you are making. two, they need to run the business from their phone which is the point i made. three, they are trying to build one on one relationships with customers to help them through the journey of being a customer. and how they can onboard as a customer and retain and regain customers or renew customers that left. four, they are trying to get smarter about customers, be more predictive.

and that why i was thrilled to sit down with john stumpf. he'she chairman of t big dog, ceoells fargo. findut what's al going o in banking in general d the compans stock in partilar. ta a lk. >> now, iteems since we saw you last everye's tt so my. your stock was going up. you d a grt quarter. peop are now talking aut wow, geez, oil and gas loans, 's got to be slowi down, there's not going to be the rate kes at he needs. we don't think wellsargo can earn as muchoney. what dyou say to theoubters? >> we've>> wve been in a low rate vironment for a lo time. never base our business model on hoping rates mo oneay o the other. we're in theeal company anwe take in the proces we make loans, and we have been growing net interest income even though our margins have been falling. so those areeallthe things we look at can we do more business with more customers and be more relevant to more americans? buss mel. >> when nt over th conferencels, peopleust keep saying, well, wait a nd, $17 billion oil and gas ans, oiloing throu0, w many othese ve been critici