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SocialPicks Community
WFC short
WFC
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Market looks like it needs to correct a bit technically. Banking, in my opinion is one of the weaker sectors. mark-to-market needs to be done with and FASB needs to go back to honest accounting standards. toxic assets need to be removed from the balance sheets of the banks, over leveraging needs to be minimized, and securitization needs to be put on hold.
I'll be shorting WFC when the market corrects soon. As always, you cannot fight the market trend.
Terence Chow on seekingalpha.com has written a very nice piece on why the financial sector is in terrible shape. this article...
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Bullish on WFC ...
WFC
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WFC is another winner bank stock that will break out as soon as they get their system in control of Wachovia. The Market does not recover without the bank stocks and this is one that will lead the way.
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Banks Have Hit Bottom
WFC
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Another solid bank stock that will gain from consolidation in the market and the failure of weaker banks.
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Deal with Wachovia good for us
WFC
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Carolinas and Phils have both been handed over to Wachovia guys. That is a very positive sign for this rodeo. The acquisition is being handled much better than the one by BAC as on date. The following is from strtribune.com of the 17th January 2009 The CEO of Wells Fargo & Co., now the nation's fourth-largest banker, said Friday the bank has ample capital and has grown its loan portfolio by about 20 percent in the past year as it has taken business from weaker competitors in the beleaguered financial services industry. The brass at Wells Fargo, which recently acquired capital-...
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Strong bank pick
WFC
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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 increas...
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abates
(-11.92% risk: moderate)
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exit strategy?
- what are the governments exit strategies for the stakes it has taken in us banks?
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Roy
(+0.74% risk: moderate)
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Citigroup prolonged legal battle
- New York Times:
Citigroup fired the first shot in what could be a prolonged legal battle, persuading a New York judge to temporarily block Wells Fargo...
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Early Options Activity
- Taking an early look at the options market, we found the following names that may be worth watching throughout the day for further indication of invest...
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More Resources
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About Wells Fargo & Company
- Answers.com
