Wells Fargo does a good job of executing the old banking mantra: pay depositors 3%, lend at 6%, and be on the golf course by 3 p.m.
Two advantages and a compelling valuation make this bank worth holding, says Morningstar's director of equity research.
Josh Peters thinks Wells Fargo will use its earnings power to greatly expand its dividend now that it has paid back its TARP funds.
T2 Partners' founder and 'Mortgage Meltdown' author Whitney Tilson says Wells Fargo could be worth $60 per share, but the road just ahead will be rocky.
"The findings are eye-opening for financial advisors because investors are clearly saying they are worried about the economic situation," said Joe Ready, director of Institutional Retirement and Trust at Wells Fargo.
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