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  • How Fizzling Soda Sales May Affect Coca-Cola [View article]
    ♪"no reply at All... no reply at All.."♫
    b-byee Leigh and (gu)estimize and anyone using it in Their articles..

    Thank you commenters, yes he/it gets yet another undeserved clik but it won't last..
    Apr 17 02:54 AM | 1 Like Like |Link to Comment
  • Wells Fargo: Revisiting A 'Triple Threat' Investment [View article]
    Nice review, thanks (I see WFC as it has always been.. tank-like resistance to market swings AND 8% plus gravy - since I don't 'expect' the gravy I keep being very pleasantly surprised.. I'm a cheap date)
    I got a few o' those $7 shares lying about as well - though mine are stamped Norwest, heheh.
    Apr 16 11:00 PM | Likes Like |Link to Comment
  • JPMorgan: Nibble The Dip? [View article]
    Wish there was a way to include the variable:
    It takes 20 years to build a reputation that you can destroy in 5 seconds..
    Apr 13 06:43 AM | Likes Like |Link to Comment
  • Wells Fargo May Just Be The Best House In The Money Center Banks Neighborhood [View article]
    Thanks, but have you looked at 11-12 YoY? I believe that you might conclude that spiriting all competitor's refi in that windfall action would be a tough act to follow?
    Ignoring the current revenue dislike, those new refi customers are now prime (and untapped) cross-sells, depending on your perception of consumer being important (arguably other business lines as well if WFC are able to cultivate the new relationships as they have done -quite successfully- for the last two decades).

    by every account Q1 13, Wells would be struggling for revenue/profit/maintain EPS without the cash-cow mortgage pumping in bux and the stock would close out the year at $38-40.

    (Deadly, we're just baiting you -- no matter that every reasonable deduction would lead you to conclude the opposite, we value your tr.. input)
    Apr 13 06:21 AM | Likes Like |Link to Comment
  • Bank Earnings Reports: JPMorgan Chase Versus Wells Fargo [View article]
    At issue is the belief that the credit score index is anything remotely stellar in reputation -- rather than simply auto-refusing based upon a credit-score, a good/long-term customer may be worthy of individual determination of risk.

    The assumption is that this is for increased profits based upon a higher interest rate, but this can be (IS, IMO) incorrect also.

    IMHO, NY Times has no interest in the new kid and assumes they will play by the same rules as the old kid. I do not expect their reputation to actually investigate something as boring as this subject will improve in my limited lifetime, so must view conclusions based upon NYT rhetoric with suspicion and doubt.

    WFC's business is increasing throughout the consumer side, (IMO) from Good customers that were Able to refi when the old kids wouldn't lend money to anyone for mortgage, and then parlaying that into a customer relationship that the old kids cannot understand, let alone compete with.

    Those car loans were going to happen, NYT's problem is with whom did they happen. Next article will be about something superfluous regarding huge increases in the (cross-sell) card customers and Dillards, then the WFC willingness to lend to (hrumph hrumph) meaningless issue with commercial customers, something spurious RE wealth mgt, etc. etc. etc. all while EPS continues to rise whilst these imperfect loans result in an industry-leading .41% non-performance and loan reserves are released like clockwork because WFC over-protects, is over-conservative.

    The reasons to doubt WFC performance in 2014 are definitely there, we just need people to concentrate upon the difficulties instead of parroting assumptions or accepting NYT conclusions as though they are investigative journalism.

    "Meanwhile a 10th of new loans are now going to so-called 'deep subprime,' or consumers who would previously have had little chance of getting funding…"

    And, this is taking place when most "other forms of consumer credit have remained weak since the 2007 financial crisis."

    I am not mentioning this development just to pick on Wells Fargo."

    Then examine your paragraphical proximity as it could lead some readers to presume that you meant to imply that WFC has changed direction and is now 'deep-subprime' lending and that That was what led to their enviable relocation of competitor's business to their books. I trust that was not your intention?
    I missed the above-quoted "2 0 0 7 crisis", by the way..
    Apr 13 05:45 AM | 2 Likes Like |Link to Comment
  • Wells Fargo's CEO Discusses Q1 2014 Results - Earnings Call Transcript [View article]
    nothing but obviously boggled troll comment and self-sell (Chris, has someone hijacked your account, I mean seriously..), disappointing..
    Very informative Q&A page as always, hope many readers of the all-important 'page 6' were able to take advantage of the 4/9 market drop; for longs it was a nice opportunity as the post qtr-report share price drop has always been made up by the following week trading, nice op to get a free buck/share discount for some of us already debating..
    Good luck all, 2014 will be challenging, but fun
    Apr 13 03:27 AM | Likes Like |Link to Comment
  • JPMorgan/Wells Fargo Earnings Previews: Revenue Growth Remains An Issue [View article]
    "Unlike JPMorgan's diverse revenue stream, WFC's fortunes are tied to the mortgage business, and the prospects have been dimming for mortgage origination and refi's as rates rose in 2013"

    ouch ouch and ouch, will this Never end? WFCs revenue windfall from mortgage was exactly that, a windfall. Constantly banging on the 30% number doesn't change the fact that they cherry-picked the best for re-fi (cuz no one else was lending) and then returned to normal.

    Why, oh WHY didn't WFC -tank- last year, since they lost ~54% of their mortgage-centric/critical business? Uhmm, that would be because they aren't.

    Simply Not seeing LLR making that drop up (and again, the impending 'drop' was telegraphed Months before it 'happened'), might wanna check the other 88 and Dillard's.

    But for the mortgage-dependent kerfuffle, thanks for the summary, well said
    Apr 4 09:18 AM | Likes Like |Link to Comment
  • Wells Fargo Increases Dividend 16%, But Is It A Buy? [View article]
    Dillard's is Huge. The 3-5yr cross-sell opportunities of this agreement are a nice indicator if you are already confident in WFC management abilities.
    Apr 3 07:39 PM | Likes Like |Link to Comment
  • The Financial Crisis Is Over For Wells Fargo Dividend Investors [View article]
    I get long-winded, perhaps you missed the paragraph:
    "Hell-week closes with: WFC took TARP & guv'm't 'announces' the plan, WFC's original offer for acquisition of Wachovia was 'allowed'. Kovacevich hands reins to Stumpf and steps down."
    thanx for reading
    Apr 2 02:35 PM | Likes Like |Link to Comment
  • Wells Fargo shows off bench; moves to expand card business [View news story]
    my recollection is 67% penetration in the pre-merger days and they never really tried that hard, heheh..
    gonna be a good year, metheenks..
    Good on yer, Tim, we'll miss ya' at quarterlies
    both have large shoes to fill -- good luck!
    Apr 2 02:31 PM | Likes Like |Link to Comment
  • The Financial Crisis Is Over For Wells Fargo Dividend Investors [View article]
    Very good point, but I disagree about the conclusion - WFC -is- cleaning up the books (options, compensation, etc) with repurchase, hard to know where outstanding would be by now if they were not diligent in doing so. My guess is that they'll finally retire ~2% this year and hopefully 1% / annum going forward to keep the 'darling' EPS.
    Historically they have split when share price gets high, and this is no longer an option for them until they rein in outstanding. 4B out would be a long term goal.
    Mar 29 08:24 PM | Likes Like |Link to Comment
  • The Financial Crisis Is Over For Wells Fargo Dividend Investors [View article]
    "You are correct, Wells acquired Wachovia. In fact, they stole it out from under Citi (after earlier passing on a deal after months of due diligence). "

    Wachovia board took a pass on the WFC offer, after those months of due diligence. No counter-offer that I am aware as WFC doesn't accept them.
    The meltdown hit and Dick refused to accept TARP and the mess of guv'm't scrutiny that came with it.
    Dire-straights C tendered a laughable offer(wish I could remember it, 3¢/share?) for Wachovia and the guv'm't knee-jerk 'accepted' it, and published that they had.
    Then it gets murky, i.e., Dick and Team pointed out that their 'refused' offer was much higher than C and that they had no conflict with the store locations & employee base that C would have.
    Hell-week closes with: WFC took TARP & guv'm't 'announces' the plan, WFC's original offer for acquisition of Wachovia was 'allowed'. Kovacevich hands reins to Stumpf and steps down.
    My murky memory, but that's the way that I recall it, and like you, my investment dates back to Norwest, though much earlier - I was watching the original offer of merger since it would make WFC 'national' (i.e., Nor(th)west, West, National).

    It's been a fun (30 year) ride -- Thanks for the summary article distilling the post-crisis 'new kid' WFC info.
    Mar 29 07:50 PM | 5 Likes Like |Link to Comment
  • Why I'm Staying Long After Wells Fargo's Stress Test Results [View article]
    A lot of fiscally-conservative customers were unwilling to look at the 'new kid' prior to now, there is -considerable- possibility for growth just based upon customers jumping ship -without- WFC marketing driving it, some are cherry-picked refi's slowly conceding that Wells is the better bank to do All their (very profitable) business with, not just mortgage.
    88 teams effectively closed the forecast terrible fall that WFC was doomed to experience in 2013 due to refi 'drop', and IMHO, many of those teams have -just- started to perform to expectations (and again -MHO- deserve stock incentives when they do).
    Now with all that positive, I am -happy- with 8%, never expect more from large-cap bullet-proof, so you might be right about that figure. 2010-2013 is all we have to go by, and they have consistently beaten what the experts forecast (but wholeheartedly agree about the reserve-padding leading to unrealizable expectations for some investors).
    8% is doing well, if it is consistent - everything above is gravy and dividends (recall corps Used to raise and drop divvies YOY without taking the pounding that they do now - they were allowed to have a year of infrastructure 're-investment' etc. and we lacked the Multitude of pundits to scream and scare the market about it).
    I expect 300M of the buyback to stand after exec pay (actually All employee, don't forget 401K and individual employee purchase -- their employee-base is a Huge market).
    Mar 28 03:41 PM | Likes Like |Link to Comment
  • Why I'm Staying Long After Wells Fargo's Stress Test Results [View article]
    Nicely done, once again, ladies and gentlemen - Thank You John and Team!
    Mar 26 07:39 PM | Likes Like |Link to Comment
  • Fed set to say whether approves bank plans to return money to investors [View news story]
    True to their word as always - looks like 300M shares retired after compensation, Thank You John and Team!
    high side of 'riding the line', RE div increase, but wholly agree with their decision to coat-tail a bit longer, no real need to threaten.
    Giving a dime of the 'buck-fitty' to buyback is wise and was telegraphed Q4.
    IMHO, of course..
    Mar 26 07:37 PM | Likes Like |Link to Comment