Wells Fargo & Company (NYSE:WFC)

CAPS Rating: 4 out of 5

One of the country’s largest banks, Wells Fargo provides retail, commercial, and corporate banking services and is a leading residential mortgage lender.

Recs

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Player Avatar alittlelost (99.46) Submitted: 6/10/2013 7:58:21 PM : Outperform Start Price: $39.39 WFC Score: +11.13

wells fargo is going to benefit from a strengthening economy and rising interest rates. in the past year, it grew its earnings per share by 23%. while that is unlikely to continue at that rate (more likely at 8%), it is currently trading at a respectable 11.6x earnings. the stock should continue to do well with a growing dividend and stock repurchases going forward.

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