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A Long Way Down For Financial CDSBespoke Investment Group • Tue, May 21 -
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Banking Round-Up: Price-To-Book Ratio ComparisonsTrefis • Mon, May 20 -
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A Long Way Down For Financial CDSBespoke Investment Group • Tue, May 21
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Banking Round-Up: Price-To-Book Ratio ComparisonsTrefis • Mon, May 20
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Hedge Fund Pacifica Capital's Top Stock PicksInsider Monkey • Thu, May 16
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Wells Fargo's CEO Discusses Q3 2012 Results - Earnings Call TranscriptFri, Oct 12, 2012
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Wells Fargo &'s CEO Discusses Q1 2012 Results - Earnings Call TranscriptFri, Apr 13, 2012 • 1 Comment
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Wells Fargo &'s CEO Discusses Q4 2011 Results - Earnings Call TranscriptTue, Jan 17, 2012
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Wells Fargo &'s CEO Discusses Q3 2011 Results - Earnings Call TranscriptMon, Oct 17, 2011 • 1 Comment
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Wells Fargo &'s CEO Discusses Q2 2011 Results - Earnings Call TranscriptTue, Jul 19, 2011 • 1 Comment
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Wells Fargo &'s CEO Discusses Q1 2011 Results - Earnings Call TranscriptWed, Apr 20, 2011 • 1 Comment
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Wells Fargo &'s CEO Discusses Q4 2010 Results - Earnings Call TranscriptWed, Jan 19, 2011 • 1 Comment
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Wells Fargo & Company Q2 2010 Earnings Call TranscriptWed, Jul 21, 2010
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Wells Fargo & Company Q1 2010 Earnings Call TranscriptWed, Apr 21, 2010
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Wells Fargo & Company Q4 2009 Earnings Call TranscriptWed, Jan 20, 2010
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Wells Fargo & Company Q3 2009 Earnings Call TranscriptWed, Oct 21, 2009
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Wells Fargo & Company Q2 2009 Earnings Call TranscriptWed, Jul 22, 2009
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Wells Fargo & Company Q1 2009 Earnings Call TranscriptThu, Apr 23, 2009
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The Trader's Expo New York: A Commodity Trader's Stock Picks TranscriptFri, Feb 27, 2009 • 3 Comments
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Wells Fargo & Company Q4 2008 Earnings Call TranscriptWed, Jan 28, 2009 • 1 Comment
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WFC vs. ETF Alternatives
Company Description
Wells Fargo & Company is a corporation organized under the laws of Delaware and a financial holding company and a bank holding company registered under the Bank Holding Company Act of 1956, as amended (BHC Act). Its principal business is to act as a holding company for its subsidiaries.
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- Friday, May 17, 2:59 PM Wells Fargo (WFC) and Citigroup (C) have halted the vast majority of foreclosure sales in numerous states following the release of new standards from the OCC, reports the American Banker. Harkening back to the days of the robo-signing scandal, Wells' foreclosure sales across 5 westerns states dropped to fewer than 10 per day in April from more than 300 previously. JPMorgan (JPM) also slowed sales, but has returned to normal activity. BofA (BAC) is proceeding as usual. 1 Comment [Financials, U.S. Economy]
- Tuesday, May 14, 10:05 AM Commerzbank (CRZBY.PK) is in "intensive" talks to unload the bulk of its €5.7B portfolio of U.K property loans to Wells Fargo (WFC) and P-E fund Lone Star. The disclosure was made in the prospectus for its capital raise launched today. About a month ago it was reported the parties were in exclusive talks for the assets in what could be a sweet deal for the buyers. Comment! [Financials]
- Wednesday, May 8, 10:43 AM KeyCorp's (KEY) big move (up 22% YTD vs. 14% for KBE) is unjustified, according to KBW's Chris Mutascio, who's had a Sell on the stock for most of the run. Four other large regionals - WFC, USB, BBT, FITB - are better bargains as they sport lower P/E multiples despite higher ROAs and (for 3 of the 4) far larger ROEs. 3 Comments [Financials]
- Monday, May 6, 8:52 AM Wells Fargo (WFC) +0.4% premarket as Warren Buffett tells CNBC Berkshire (BRK.A) has been adding to its stake "pretty much every month this year." Over the weekend, NY AG Schneiderman promised new enforcement actions against major financial firms, and expects "very significant liability." (Earlier: Schneiderman and Delaware AG Biden back off BofA). 2 Comments [Financials]
- Tuesday, April 30, 3:40 PM The IRS has been authorized by a judge to serve Wells Fargo (WFC) with a John Doe summons as the tax agency seeks data on U.S. citizens with accounts at FirstCaribbean International Bank. Based in Barbados, FCIB has a correspondent account with Wells - common for foreign banks who don't have offices in the States - and Wells is the IRS' way to the account info. 3 Comments [Financials]
- Monday, April 29, 10:26 AM Citigroup's (C) reluctance to pare its mortgage assets at fire-sale prices could pay off, says KBW, as it now stands to greatly benefit from rising home prices. It's a flow vs. stock argument as Citi - compared to WFC, JPM, or USB - does a relatively small amount of (now under profit-pressure) mortgage origination volume, but still has loads of questionable paper on its books. Also positioned to benefit is BAC. 3 Comments [Financials]
- Tuesday, April 23, 6:34 PM Wells Fargo & Company (WFC) declares $0.30/share quarterly dividend, 20% increase from prior dividend of $0.25. Forward yield 3.23%. For shareholders of record May 10. Payable June 01. Ex-div date May 08. (PR) 1 Comment [Dividends]
- Monday, April 22, 1:58 PM Wells Fargo (WFC) moves to add capacity in its mortgage origination operations, breaking ground on a 265K square foot expansion to its mortgage headquarters in Iowa. Wells - which has a 30% share of the lending market - is notably expanding as competitors like JPMorgan pull back and the MBA predicts a sizable lending slowdown this year. Comment! [Financials]
- Thursday, April 18, 9:09 AM Wells Fargo (WFC) and Lone Star are in exclusive talks to buy a $6.1B U.K property portfolio from Commerzbank's (CRZBY.PK) Eurohypo unit, reports Reuters, with a deal maybe being struck as soon as May. It may be a sweet deal for the buyers as Commerzbank is selling for what value investors like to call "non-economic" reasons. Comment! [Financials]
- Monday, April 15, 12:28 PM The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks, says Goldman, seeing it as mandating another $1.1T in equity for the banking system. Banks would need 12 years of earnings to build this amount organically, though the bill would give just 5 - say goodbye to lending. Break up the banks? BAC, C, JPM, and WFC all have multiple divisions with more than $400M in assets - the level at which the bill gets tough on lenders. 22 Comments [Financials]
- Friday, April 12, 11:24 AM Wells Fargo (WFC) unveils its "neighborhood bank format," a 1K square foot (vs. traditional 3K-4K) "store" for the digital age - paperless, wireless technology, large-screen ATMs. The initial location is set to be opened in D.C. on Monday. "We'll be able to offer person-to-person service ... in settings that previously would have discouraged us from building a store." (PR) Comment! [Financials]
- Friday, April 12, 10:17 AM The current environment is not ideal for earnings growth, says Wells Fargo (WFC -1.7%) CEO John Stumpf on the earnings call, touting his bank's diversity of revenue streams. Well, mortgage banking accounted for 26% of noninterest income (presentation) in Q1, and if you listen to Jamie Dimon, there's little business left for the banks to squeeze out of the HARP program. For Wells, mortgage profit of $2.8B in Q1 was off 9% sequentially, off 3% Y/Y. 4 Comments [Financials]
- Friday, April 12, 8:15 AM More on Wells Fargo (WFC) Q1 earnings: Loan growth of 4.3% Y/Y. Deposit growth of 6.3%. Net interest margin of 3.48%, down 8 bps Q/Q, down 43 bps from last year. $200M (about $0.04 of EPS) released from credit loss reserves. Bank expects continued releases throughout 2013. Mortgage banking income of $2.8B, off 8.9% Y/Y. Tier 1 capital ratio of 10.38%. Book value/share of $28.27. Shares -1.4% premarket. (PR) Comment! [Financials, Earnings]
- Friday, April 12, 8:01 AM Wells Fargo (WFC): Q1 EPS of $0.92 beats by $0.03. Revenue of $21.3B misses by $0.29B. (PR) 1 Comment [Earnings, Breaking News, Financials]
- Friday, April 12, 12:05 AM Notable earnings before Friday’s open: JPM, SJR, WFC Comment! [Earnings]
- Thursday, April 11, 6:38 PM With no. 1 U.S. mortgage lender Wells Fargo (WFC) set to report Q1 earnings tomorrow and several regional banks reporting in coming days, analysts expect results to take a hit from an expected drop in mortgage revenue. Jefferies estimates banks' revenue from originating mortgages could decline 15%-20% Q/Q; "the magnitude of potential declines could catch some [investors] off-guard." 1 Comment [Financials]
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Dividend Sheet
$WFC $WMT $USB and $IBM are Warren Buffetts best yielding dividend stock buys for his company Berkshire Hathaway - http://stks.co/bV2C - View all 0 replies
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Dividend Sheet
$GSK $AEP and $PFE are tomorrow's top ex-dividend stocks - http://stks.co/jUK4 - 2.7% average yield - $UL $PPG $WFC 49 ex-dividend stocks - View all 0 replies
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StockConsultant
$WFC up against strong double resistance, breakout watch above 38.17, charts, analysis http://goo.gl/1V8IH - View all 0 replies
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Capitalist Bull
$WFC Top Pick * 3.2% Yield * Flat base on top of cup & handle near all time highs * Buffet favorite http://stks.co/sBIt - View all 0 replies
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LATEST REPLIES
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Phr3d: not a chance this year, wfc offer would be lowball against BAC's books, board wouldn't take it. fed wouldn't approve regardless
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Minutemen: Not bad at all. Things starting a little shaky but then turned to the upside.
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The Complete Dividend Plan: Everything for me keeps going straight up, except for PKIUF. Continued profit taking for weeks now.
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Moses3rdeye: I might jump in at around 11.20 its down again in after hours should be a good trade on this pull back
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wigit5: If I could predict the crash yes going to cash would be obvious.. but I'm keeping about 20% of my investment funds in cash at the moment in
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gbstern13: Pie in the sky. Mature companies don't double in 12 months (unless bouncing off a bottom). You don't charge money for that advice, do you? -
MSF INVESTMENTS: This is my opinion only. I'm selling the Brooklyn bridge are you interested.
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hahaha48: Buffet is now very bullish on banks. And I think he is right. He bought some more GS and he already own a lot of wfc and bac -
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SKS1586: andyk80: Mr Market is listening to you & following your thought of bounce, with uptick in all the Futures @ this moment.
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SKS1586: joe kelly - I reduce or remove my positions for creation of CASH. Therefore I leave trades with much less profit than most Investors/Traders
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djamison: How far can WFC go , since it's at $35.16,. I thought this was solid stock to hold ?
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Minutemen: WFC is a solid long play. Buy on dips, esp broad market pull backs.
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Clinton Holmes
$WFC Fundamentally Strong And Offers 4.5%-8.8% Average Annual Return http://seekingalpha.com/a/ojhl - View all 1 replies
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NickS2001: Agreed. It's undervalued by many values but not being picked up. Good yield, increasing yield with potential price appreciation!
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Clinton Holmes
It might be time to review $WFC again since the 14% increase in dividend to $0.25 and Q4 Earnings - View all 11 replies
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Clinton Holmes: I think long term you could conservatively earn between 4.5-8.8%. Short term, might see a decline as analysts nit-pick net interest margin
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Clinton Holmes: Sprasad03 - I wrote an article reviewing the fundamentals if your interested: http://seekingalpha.com/a/ojhl