frcf

Wells Fargo: A Growth Stock During the Great Depression?

I have a feeling Buffett would have a very different view than some of the negative posts above, as he has been loading up on WFC shares both in 2007 and 2008. This is a very strong bank which will not only survive but gain considerable market share. They collect low cost deposits and lend them at what are now much higher rates. Their return on equity is going to shoot up. Along with a few other strong survivors, they are going to have the whole market to themselves! This indeed is a growth stock even in tough economic conditions.

Remember, Buffett is never wrong on his big bets.