"Wells Fargo is my favorite bank stock for 2013. The bank raised its dividend in late January. The company increased its payout 16% and the raise reflects the company’s confidence in its performance as well as its commitment to returning cash to shareholders. At its current level of $1.00 per share, the dividend yields almost 3% at recent prices. Wells Fargo provides more stability and reliable financial results than its peers, and appears to be in a much better position to provide shareholders compelling returns going forward."
Payback, I can't disagree, that is the same with all the analyst trying to make a buck. Bove just had to leave his last job and get a new one and he is on a rant about how great all the banks are. It is all about money.