Mon, Sep 22, 2014, 10:16 AM EDT - U.S. Markets close in 5 hrs 44 mins


% | $
Quotes you view appear here for quick access.

Wells Fargo & Company Message Board

  • kelly_tankor81 kelly_tankor81 Mar 7, 2014 1:55 PM Flag



    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • If you subtract out its loan loss reserve releases of $2.2billion, their p/e is just under 14
      Then consider they are estimated to grow earnings just under 9%

      I would actually feel OK at $49 as being right where I think it should be. Doesnt seem to be a lack of respect, you have to compare it with other commercial banks.

      • 1 Reply to mr.schnider
      • I like WFC with normal position with dividend but I am overweighing with C, BAC and JPM for greater rebound. The risk/reward ratio is higher cause these banks are well undervalued , all below book value with hugh earning power. Their reserve will come down. Just to reclaim the tax credit for the losses in bad time will translate into higher income for many years to come., It translates into out perform market return. In any case, around10 times P/E for the other global banks with moot are unbelievable cheap. Retail investor is still fearful of the big banks, still have lots of room to grow earning. I will further increase my position whenever I can.

        Sentiment: Strong Buy

53.41+0.05(+0.09%)10:15 AMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.