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Wells Fargo To Buy WestLO Portfolio-WSJ

|Includes: Wells Fargo & Co. (WFC)

Wells Fargo (NYSE:WFC) continues to utilize its financial strength to buy attractive loan portfolios from companies that are deleveraging. The subscription finance portfolio offers relatively high yields without taking on unseemly credit risks. These types of acquisitions are important for diversification, and to be fight off the low net interest margins that exist in the current banking environment.

http://online.wsj.com/article/SB10001424052702304782404577488404054567194.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Disclosure: I am long WFC.