Wells Fargo: This Big Cap Bank Can Double - Part 2 [Seeking Alpha]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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US:NYSE Investor Relations:
wellsfargo.com/about/investor-relations
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Source: Seeking Alpha
SummaryBanks face a difficult outlook and valuations, while down, do not discount a 2008 style disaster.Investors must pick stocks amid falling margins, rising loan loss provisions and the policy push-pull.One way of finding value is to look for stocks that have their own bottom-up improvement stories.WFC is such a stock. Many investors think its recent scandals have decimated the franchise, but the franchise remains strong.This is a difficult time for investors in bank stocks. While the recession we are currently in is more severe than the one following the 2008 financial crisis, banks as represented by the KRE Regional Banking ETF (That discounts a bad year, maybe a bumpy medium term, but not disaster, which is definitely the territory bank share prices entered in 2008-9. Banking majors, such as Bank of America (BACJPMSource: BloombergThe two big uncertainties for the sector are:These form powerful headwinds for banks. They reduce net interest income and operating margins, and crush
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WFC
News
- Qualified Unveils Piper: Your New AI SDR [Yahoo! Finance]Yahoo! Finance
- Feeling Blue For Not Being Green? This Card Offers 6% Cash Back for Eco-Friendly Purchases [CNET News]CNET News
- Wells Fargo tells federal court why it should toss out $34M lawsuit from former CEO [Yahoo! Finance]Yahoo! Finance
- NNN REIT, INC. ANNOUNCES EXPANDED $1.2 BILLION UNSECURED CREDIT FACILITY [Yahoo! Finance]Yahoo! Finance
- Deutsche Bank's Co-Head of Americas ECM Bohm Has Left the Firm [Yahoo! Finance]Yahoo! Finance
WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/17/24 - Form 424B2
- 4/17/24 - Form PX14A6G
- 4/16/24 - Form 3
- WFC's page on the SEC website