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One of the country’s largest banks, Wells Fargo provides retail, commercial, and corporate banking services and is a leading residential mortgage lender.
At first glance, you may be disappointed with Wells Fargo's lack of growth in interest income since the market bottom in '09 considering their increase in investments. However, it is merely the restrictions in loan requirements that is bringing this figure down. Earnings per share growth is still phenomenal carried mostly by their booming operating income. Investors still seem to be hesitant with this one. The sentiment is likely to change over time and I believe it is best to hop on now while it is still cheap at a P/E of 10.
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