Citigroup (C) released financial results last week. The banking giant last featured on the site back in January, but that pre-COVID article feels totally redundant now. At the time, annual profit generation looked to be somewhere in the region of $17.5B, or $8.50 in per-share terms. We can essentially cut…
Financials
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Bank stocks often generate a mixed response from long-term investors. That is typically because they have a nasty propensity to go very quickly from hero to zero. In some cases, that “zero” can be taken literally too. That said, it is hard not to be impressed by the performance of…
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Wells Fargo (WFC) reported 2Q20 financial results earlier this week. The stock has hardly budged an inch since I called it incredibly cheap back in early-May. If you want to see how crazy things have gotten this year then check out a chart of Wells versus electric car maker Tesla.…
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As far as this site is concerned, boring is great. Even more so when it comes to bank stocks. Unfortunately, they often don’t fit that mould. It is far easier for a bad management team to ruin a bank than it is to ruin a Coca-Cola, and I’d wager that…
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The title just about says it all really: Wells Fargo (WFC) stock looks pretty darn cheap right now. The San Francisco-based bank has lost over 50% of its value since the start of the year. Truth be told, I actually thought that it was a bargain back then too! Anyway,…
