More on the banks: Wells Fargo (WFC) is a top pick of Mosby's, with an expected return on...

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

More on the banks: Wells Fargo (WFC) is a top pick of Mosby's, with an expected return on tangible common equity of 17.4% far above the 9.5% cost of of equity. The bank recently hiked its quarterly dividend to $0.25, and Mosby expects more - a total 2013 dividend payout of $1.20.