Wells Fargo Analysis: Ride The Stagecoach And Go Long

You are Right Hansen About Based on the improved loan growth, cost efficiency, and all-time high housing prices, the analysts are bullish on Wells Fargo and rate the stock as a buy

 

I too have bullish predictions for wells fargo. I feel 2013-2014 is when the banks and the general finance sector at large will see a big breakout in terms of recovery. There'll be a big boost in confidence in investors and the well-being of these banks will create a false sense of security for many people when in reality, the middle class really isn't doing that great.

 

I think WFC is the best-managed big American bank and I'm thinking about buying some. Even after the run-up in price it's only trading at 12.5 times earnings. The fact that Warren Buffet owns it also is a positive to me.

 

The fact that their stocks relies so heavily on mortgages scares me a bit. I am not convinced it is certain that home prices will continue to rise. I would stay away from them for now.

 

i have to say you that WFC market today is rising up so not stay away from him keep wait for right time to buy it because WFC is a great company they don't easily going down.....

 

Wells Fargo is built on the backs of mortgages. And as we all know, the housing market is unpredictable.. I wouldn't bother investing with them right now.

 

Today WFC is going up today, Wells Fargo said it released $500 million from its reserves for loan losses during the quarter, which was up from the $200 million it released in the same quarter last year.