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Todd Walker is the Executive Director and Chief Strategist at HedgeTracker, where he is responsible for overseeing research, analytics and business development. He has particular expertise in investments that are popular among elite hedge fund managers, shareholder activists and... More
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  • Wells Fargo’s Commercial Portfolio set to Explode? 1 comment
    Sep 17, 2009 4:11 PM | about stocks: WFC

    This morning, Teri Buhl released an exclusive report entitled “Wells Fargo’s Commercial Portfolio is a ticking time bomb.” The report details how Wells Fargo (NYSE: WFC) has hired outside consultants to review its commercial portfolio and reportedly “they are shocked with what they are seeing. Not only do the bank’s outstanding commercial loans collectively exceed the property values to which they are attached, but derivative trades leftover from its acquisition of Wachovia are creating another set of problems for the already beleaguered San Francisco-based megabank.”

    To view the complete article on, please check out: Exclusive – Wells Fargo’s Commercial Portfolio is a ticking time bomb

    As of 6/30/09, notable holders of Wells Fargo include:
    #1) Warren Buffett’s Berkshire Hathaway: (302,609,212 shares)
    #7) Wellington Management Company (132,768,076 shares)
    #9) Dodge & Cox (82,146,205 shares)
    #50) CalPERS: (10,693,798 shares)

    'Disclosure: No positions'

    Stocks: WFC
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  • Tom Au, CFA
    , contributor
    Comments (6879) | Send Message
    ALL of Wells Fargo bank is a "ticking time bomb." Not just its commercial portfolio.
    17 Sep 2009, 04:50 PM Reply Like
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