thanks for your view. I'm also bulish on WFC. on top of that WFC has the second higher sensitivity re 10Y after BAC. both should benefit hugely from yields going higher in the next 18-24 motnhs. Apart from WFC I also like Citi due to its' cheap valuation among majors trading below below 1x P/BV. what's your take at C?
Great Article and thank you for mention! Personally Wells Fargo has never been my "to go" bank just too much scandal always with them. But with problems also come opportunities.
Thanks for commenting Yegor! Hard to believe, but WFC used to be considered a stellar bank at the same level as JPM, while BAC and Citi were the "bad apples".
I'm optimistic that WFC will complete the turnaround under the leadership of CEO Charlie Scharf, who incidentally was a protege of superstar JPM CEO Jamie Dimon.
thanks for your view. I'm also bulish on WFC. on top of that WFC has the second higher sensitivity re 10Y after BAC. both should benefit hugely from yields going higher in the next 18-24 motnhs. Apart from WFC I also like Citi due to its' cheap valuation among majors trading below below 1x P/BV. what's your take at C?
City is trading at a discount to even Wells Fargo. But they’ve also been a perpetual basket case. Probably undervalued but don’t have a strong take
Thanks friend :)
Thanks for this :)
Great Article and thank you for mention! Personally Wells Fargo has never been my "to go" bank just too much scandal always with them. But with problems also come opportunities.
Thanks for commenting Yegor! Hard to believe, but WFC used to be considered a stellar bank at the same level as JPM, while BAC and Citi were the "bad apples".
I'm optimistic that WFC will complete the turnaround under the leadership of CEO Charlie Scharf, who incidentally was a protege of superstar JPM CEO Jamie Dimon.