Wells Fargo & Company (WFC)

Better portfolio than other major lenders. Has been a solid firm for several years.

Banks lost the biggest bet every made.
They will never recoup losses and with Prime foreclosures and credit card losses heating up I would amazed if any of them survive.

Something is not quite right with WFC - expecting more issues with the Wachovia acquisition.

The only bank I would own. WFC has proved itself agaiun and again and their recent merger was perfect, they just moved from a sout and west player to a USA master

Zacks Rank 3-Hold, Recommend Neutral, Industry Rank 192 / 217, Target 29.00, Avg Target of 24 analysts 31.21 - Perm Pick

35

More bankrupt banks. Need I say more.

is there any doubt that by 2011 wfc will be back to earning $3-$4 per share, with a historic PE of 13, makes this a $39 to $52 stock by 2011. good long term investment. will aslo pay back the tarp and slowly start to raise dividend.

They already have shot up like a rocket since the recession knocked 'em down and a good business can be estimated the same way a good, strong person can: NoT by how many times they're knocked down but by haw fast they get back up! Go stagecoach!

There are still a couple more waves of defaults to go through in the mortgage sector from the Option ARMs that are starting to reset plus the collapse of the commercial real estate market. The market seems to think we're bouncing out of the recession pretty quickly while I'm expecting a mild double-dip next spring and summer that will be mitigated some by the government stimulus spending already in the pipeline. This won't be enough to save the banks from a really rough year in 2010, even if the overall economy avoids more shrinkage.

I look for WFC to get back in the 35 dollar range before growth ends. May be in the next few months, may not be for a year but this is a solid company. I also like this company because their branch offices don't feel like a large bank trying to screw all their members. Only large bank that i feel that way when i walk through the doors.

Looks like it is near its short-term peak. More down side risk than upside potential at this price. The government's distraction with other problems may hurt the big banks maintain their stock price. Time to profit take while paper profits are still present.

These guys didn't even really get affected by the recession. They never really exposed themselves to the low end credit market. The ONLY reason the stock price is depressed is because the whole sector is depressed. There is absolutely no underlying reason for Wells Fargo to be at the lowered price that it is now. Once the market funk is gone this stock is going through the ceiling.

yeah~ banks~

Mmm...banks...

Not as stupid as its peers

Having been a WF regional manager on both the retail and commerical side of banking, I know from experience the potential of this great organization. The combination of their sales culture and their disciplined credit culture will really shine in the next few years. Wells Fargo is the gold standard of community banking.

As an example, when my group identified a problem loan, we immediately were required to write it down to 70% of collateral value! When Wall Street analyst paint Wells Fargo with the same brush as other large banks and predict Wells will have surprise credit losses, I wonder why they have not done their homework and read their commentary as less creditable.

Top management, company ideals

Still bank is well run and under-exposed to the toxic assets of residential and commercial real estate relative to their peers. However, their acquisition of Wachovia and it's portfolio of toxic assets will promise some pain in the short-term. Look for this company to lead the pack out of this crisis.