Despite the negative buzz surrounding bank stock right now, a couple of fundamentals remain. One, investor confidence is the only way many of these banks are going to turn it around, and two, some banks are still performing well even within the hurricane of doubt that currently exists. I have held WFC shares for quite some time and am taking advantage of the current share price to increase that amount. Wells Fargo is not by any means doing anything groundbreaking or revolutionary, however there are many reasons to get behind a solid stock with slow-steady growth if not only to help increase trading confidence while solidifying a strong foundation in your own portfolio.
$16.03 (01/22/09)
