As the Fed gets ready to hold its June meeting, all stock investors are carefully weighing what the outcome will be and how it will affect their portfolio. In particular, there has been an enormous amount of concern over the prospect of rising interest rates in the last few weeks and how certain firms will fare. Conventional wisdom seems to be that banks will do well in the rising rate climate as their net interest margins - NIM - rise.
In particular, various commentators and analysts have suggested that Wells Fargo (WFC) is particularly well positioned to benefit from higher interest rates because the firm has been sitting on as much cash as possible, delaying making investment decisions...
Only subscribers can access this article, which is part of the PRO research library covering 3,759 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: