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This Quarter's Sentiment:
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SocialPicks Community
WFC short
WFC
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-3.28%
in
64 days
(closed on 11/12/09)
Market looks like it needs to correct a bit technically. Banking, in my opinion is one of the weaker sectors. mark-to-market needs to be done with and FASB needs to go back to honest accounting standards. toxic assets need to be removed from the balance sheets of the banks, over leveraging needs to be minimized, and securitization needs to be put on hold.
I'll be shorting WFC when the market corrects soon. As always, you cannot fight the market trend.
Terence Chow on seekingalpha.com has written a very nice piece on why the financial sector is in terrible shape. this article...
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Bullish on WFC ...
WFC
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+13.78%
in
115 days
WFC is another winner bank stock that will break out as soon as they get their system in control of Wachovia. The Market does not recover without the bank stocks and this is one that will lead the way.
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Banks Have Hit Bottom
WFC
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+46.71%
in
221 days
Another solid bank stock that will gain from consolidation in the market and the failure of weaker banks.
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Deal with Wachovia good for us
WFC
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+72.22%
in
305 days
Carolinas and Phils have both been handed over to Wachovia guys. That is a very positive sign for this rodeo. The acquisition is being handled much better than the one by BAC as on date. The following is from strtribune.com of the 17th January 2009 The CEO of Wells Fargo & Co., now the nation's fourth-largest banker, said Friday the bank has ample capital and has grown its loan portfolio by about 20 percent in the past year as it has taken business from weaker competitors in the beleaguered financial services industry. The brass at Wells Fargo, which recently acquired capital-...
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Strong bank pick
WFC
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+73.61%
in
308 days
Despite the negative buzz surrounding bank stock right now, a couple of fundamentals remain. One, investor confidence is the only way many of these banks are going to turn it around, and two, some banks are still performing well even within the hurricane of doubt that currently exists. I have held WFC shares for quite some time and am taking advantage of the current share price to increase that amount. Wells Fargo is not by any means doing anything groundbreaking or revolutionary, however there are many reasons to get behind a solid stock with slow-steady growth if not only to help increas...
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From the Blogosphere
Optimistic Wells Fargo Estimates from Top Wall Street Analysts
<>Warren Buffett loves the company, top Wall Street analysts agree that no one is giving Wells Fargo (WFC) credit for the Wachovia acquisition, and Wells Fargo management continues to reiterate that they could not be happier with the integration of Wachovia. Unless you think Warren Buffett, top Wall Street analysts, Wells Fargo management, and U.S. government stress tests are all wrong, the market is clearly irrational and undervaluing this stock, in addition to undervaluing Bank of America (BAC) (according to John Paulson) and JPMorgan (JPM).
I am interested in knowing <>what pessimists think J...
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Cramer on BloggingStocks: The Fed's push for TARP payback
Zacks Analyst Blog Highlights: Dell Inc., Berkshire Hathaway, Burlington Northern Santa Fe Corporation, JPMorgan Chase and Wells Fargo – Press Releases
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For Immediate Release Chicago, IL – November 23, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Dell Inc. (DELL), Berkshire Hathaway (BRK.A), Burlington Northern Santa Fe Corporation (BNI), JPMorgan Chase (JPM) and Wells Fargo (WFC). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 <><>Here are highlights from Friday’<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>< />< />< />< /><><><><>< /><><>< /><>< /><>< />< />...
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Wells Fargo, JPMorgan, and Bank of America: Stock Prices Can Double
Simple Investment Thesis: pre-provision pre-tax earnings and normalized earnings power have NEVER been higher, banks are not paying dividends so tangible book value is increasing rapidly, and capital ratios are higher than ever in an improving economic environment. Wells Fargo's (WFC) stock price is the same as pre-Wachovia despite a huge increase in earning assets relative to the increase in shares outstanding, a fortress like balance sheet with an incredible financing mix (the lowest cost of capital and cheapest deposit base of all large-cap US banks). <>In the next few months, the large-ca...
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Buffett Borrows for Rail Acquisition – Analyst Blog
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Warren Buffett, the CEO and Chairman of Berkshire Hathaway (BRK.A)/(BRK.B), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation (BNI). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced earlier this month it would acquire the rest for a total value of $34 billion. Buffet agreed to pay $100 a share in cash and stock to buy the rest of the company.
The $8 billion loan that will be provided by JPMorgan Chase (JPM) and Wells Fargo (WFC) is intended to be paid back in three years’ time.
For Berkshire...
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Citigroup prolonged legal battle
- New York Times:
Citigroup fired the first shot in what could be a prolonged legal battle, persuading a New York judge to temporarily block Wells Fargo...
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Early Options Activity
- Taking an early look at the options market, we found the following names that may be worth watching throughout the day for further indication of invest...
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About Wells Fargo & Company
- Answers.com
