Wells Fargo & Company (WFC)
A financial services company, Its principal business is to act as a holding company for its subsidiaries, the Company provides retail, commercial and corporate banking services through banking stores.
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Good management that runs a tight ship.
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one of the stronger banks with lower exposure to mortages with variable rates/arms. i am buying
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The man is a sheer genius of sttock piliing more and more Building Blocks. Whether they be B&M, or people or electronic services, they will form a cohesive group where all these gears will work in sync like a modern day Rube Goldberg, but with more quantity of repetitve quality results.
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Superb bank thrown in the bargain basement bucket for no apparent reason but sub-prime fears. This financial crisis shall pass and Wells Fargo should survive it easily.
The current price level is too good to just pass up. It's the buying opportunity I've been waiting for.
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Finacials are dead.
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One of the three best managed large banks in the country.
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While I do not think the bleeding is over just yet, I do believe that Wells will be one of the few banks left standing in 5 years that will benefit greatly from this year's financial meltdown. And Buffett acknowledged that he added to his personal position in the stock, so who better to bet along with!
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Wells Fargo is a large cap growth stock. Last time I checked, it had the highest credit rating of any Bank in U.S. I think downside risk is limited and it should be a good long term investment currently paying dividend of 4.31% according to MSN company report.
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Well managed bank. Much less exposure to the credit crisis. At these levels - good dividend yield.
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Trading at 70% intrinsic value.
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I use buy and hold style on my companies all these are in my real life portfolio and each is a dividend payer holding long term
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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.
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Good profitability. Steady, but not explosive year over year growth. Investor fears about the subprime are driving this stock down too much. I like the way WFC is expanding it's ownership of insurance business. Broadening it's business to include insurance will provide some additional buffer against economic downturn (if it happens) and subprime problems. Insurance companies are undervalued right now for different reasons and are good buys. Lastly, I think the Well Fargo mgmt team is a strong one that can get through present difficulties.
The risk for WFC is if something as big as the subprime problem hits the financial sector again. For example if there is a credit card debt problem. I don't know what position WFC is in regarding credit cards, but even if they have the best borrowers there will still be some collateral damage.
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Sub-prime mortage crisis is ending soon... Hopefully...
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Hammered badly by the decline in the financial sector, yet could be in a position to rebound with the aquisition of another company.
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Wells Fargo is a bank in CA, that has not sold off, yet. Next to Florida, CA is going to get hit by a wave of mortgage defaults. As the recession becomes more apparent and unemployment numbers climb CA is going to be hurt even more.
The Terminator may have stopped Skynet, but he and WFC will be crushed by deflation, defaults and debt.
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They will gain enormous market share in the next 2-5 years.
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Concerns regarding WFC's ability to weather the current storm are overblown, presenting investors with an attractive opportunity to own one of the worlds best financial institutions at an extremely attractive price. The next few years will definitely be rough, but between its cash (and equivalents) on hand, current provisions for loan losses, and its cash generating capabilities...Wells has the financial strength to take quite a beating over the next few years and still emerge stronger.
When it does, and things have returned to normal (it's not a matter of if, but of when), I don't think its too much of a stretch to believe the market will pay 10-12x Well's normalized earnings of roughly 13B for this best in class franchise. If they do, investors should expect a double or more over the next 3-5 years. Outperform
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Strengthening by buying local banks at bargain prices
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They will have a hard time digesting Wachovia. If Citibank was only doing the deal with Wachovia because of federal help, you've got to wonder what WFC was thinking. The worst of the mortgage crisis is Option-ARMs (courtesy of Golden West) and Wachovia has a lot of them due for a recast.

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