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The Coleman Report says Wells Fargo (WFC +2.7%) was a beneficiary of CIT Group's (CIT +81.4%)...

  • Monday, July 20, 2009, 2:47 PM ET
    The Coleman Report says Wells Fargo (WFC +2.7%) was a beneficiary of CIT Group's (CIT +81.4%) cash shortage, increasing small-business lending 27% Y/Y to $587M while CIT's declined 88%.
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    (WFC) Did not Meredith Whitney say the bank was a sell? yes. As we see it (WFC) is up more than 320% from its lows; Did she capitulate? Her call in (GS) is as good as her call in (WFC).
    20 Jul 2009, 03:15 PM Reply Like
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