Wells Fargo (WFC)

(A Top Pick May 31/18, Up 9%) Breaking nicely above $56 resistance line. Forming longer-term uptrend, as are other big US banks. Looks good, continue to hold.

(A Top Pick April 10/18 Up 4%) The regulatory issues have been resolved or are discounted by the market already. He is looking for $59 as on objective and is using $51.80 as his stop. A nice upward trend, like the market as a whole. Yield 2.9%

Not one that he covers very closely. The US banks all have come down. He thinks you can buy some of the US banks here. Probably you should be OK buying here.

Sold her shares in February when Wells got a consent decree which will restrict their growth going forward. She bought JP Morgan instead. She wouldn't re-buy Wells until there's further regulatory clarity with their other products.

Bank of America (BAC-N) vs Wells Fargo (WFC-N). He is staying away from Wells Fargo due to the cease and desist order. Higher rates helps both of them. He leans slightly towards BAC-N.

Weathering some trust issues, but will rebuild that trust. Stop level is below $50. $58 is the next resistance level. But earnings come out Friday morning. (Analysts' price target $63.24)

BAC vs. Wells Fargo? He's long the U.S. banks more than Canadian ones, given better economic growth down there. BAC is at the top of the U.S. banks for earnings growth. Prefers BAC over Wells. Once Wells overcomes the recent customer service controversy, it'll take time for the bank to recover.

Bank of America or Wells Fargo? Both are well-diversified and have interest rate sensitivity. BAC has better capital markets exposure, which he likes. Wells Fargo is in the doghouse with leadership, namely with regulatory problems. This hamstrings WF management. This is a big knock against them. Definitely prefers BAC.

A bank that he admired for many years, but it turned out they were doing some things they shouldn’t be doing. If you are a very long-term investor, you will do OK with this one, but he prefers other choices. (Analysts’ price target is $64.93)

Sell if you're under water. They got caught for unethical sales practices everywhere in their business and the Fed severely punished them. He sold it within days of the news. Instead, he owns Bank of America, Citibank and Morgan Stanley.

They’ve had issues with consumers, with people on the Board. The Fed has restricted them from growing assets and generally made it tough for Wells to grow.

US national banks all trade around 13x and have a yield of about 1.5. For WFC, you pay a bit more but get a higher dividend. If you are very yield focused, Wells Fargo is attractive, but if he was going to buy an American bank, he would pick Bank of America (BAC-N). He prefers its balance of commercial and investment banking versus retail banking. Between WFC and BAC, he prefers BAC but does not own either.

It was known as the “best run” bank. But Management has been complete morons in the last few years. Just smacked down by the Federal Reserve. But Wells Fargo always seem to recover. This is high times for the US Banks. Rising interest rates, tax reform. Banks are notorious for making mistakes but also for making tons of money. He owns J P Morgan and he wouldn’t sell to buy Wells Fargo. Still recommends buying it particularly if you don’t own any US Bank.

He likes banks. Wells Fargo has had problems with employees opening fake bank accounts and that has been That has been dogging the stock for a while. A good franchise. They are in every State. They continue to make small acquisitions. They are much more a retail commercial bank than an investment bank. That provides them earnings stability. Nice yield of 2.5%. 1.7 P/B relatively higher compared to other banks because of the ability of the company to generate good returns. Management made some mistakes but is doing good things in changing. Strong history on credit. Great organization.

(A Top Pick Dec 1/16. Up 23%.) The fake account scandal did weigh on them and their brand. There were a lot of extra costs around that, so earnings and BV have not grown at the same rate as others. He sold this 5 or 6 months ago.