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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.
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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