My coverage of Wells Fargo (WFC) to date has basically been to channel a kind of Michael O’Higgins “Dogs of the Dow” approach. O’Higgins hypothesized that, thanks to their size, big blue chip firms often have a bit more breathing space to sort out any issues that may be plaguing…
Wells Fargo & Company (WFC)
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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…
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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…