Two advantages and a compelling valuation make this bank worth holding, says Morningstar's director of equity research.
Increased life sciences funding, declining consumer charge-offs, and underappreciated earnings power at big banks have made some ripe picks for investors.
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.
Josh Peters thinks Wells Fargo will use its earnings power to greatly expand its dividend now that it has paid back its TARP funds.
The firm has brought on three legacy A.G. Edwards advisors from Wells Fargo to open its 27th office.
The firm has brought on four legacy A.G. Edwards advisors from Wells Fargo to open its 27th office.
The nation's fourth-biggest bank by assets said in a filing with the Securities Exchange Commission on Friday that its board would improve some of its governing practices as part of the proposed pact.
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