Banking giant Wells Fargo (WFC) last appeared on the site back in the summer. At the time, San Francisco-based Wells was setting aside billions of dollars for potential bad debt due to the COVID downturn. That, in turn, was putting obvious downward pressure on net income. No surprises there; the…
Wells Fargo & Company (WFC)
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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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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, and I actually thought that it was a bargain back then too! Anyway, the S&P…
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Back in 2010, then-POTUS Barack Obama signed the Dodd–Frank Wall Street Reform and Consumer Protection Act into law. Though certain elements have since been rolled back by now-POTUS Donald Trump, the stress tests mandated by Dodd-Frank are still ongoing. If you worry about investing in a large US bank stock…
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The founder of the ‘Dogs of the Dow’ value investing strategy posited that the reason the strategy works is because stodgy blue chips have more room to navigate their issues compared to smaller peers. In the meantime, you typically get to pick up a higher than usual dividend yield as…