Wells Fargo & Co. (WFC)

48.63
NYSE : Finance
Prev Close 48.91
Day Low/High 48.60 / 49.30
52 Wk Low/High 43.02 / 55.81
Avg Volume 19.50M
Exchange NYSE
Shares Outstanding 4.41B
Market Cap 215.50B
EPS 4.30
P/E Ratio 10.07
Div & Yield 2.04 (3.76%)

Who's Next in Banking? Probably No One!

* The bank merger of BB&T and SunTrust is a one-off and is a very modest negative for the existing and large money-center banks BB&T and SunTrust Banks have announced a $66 billion merger of equals intended to create the country's sixth-largest bank...

Schumer, Sanders Stance Against Buybacks Could Curb Alphabet Outlook

Schumer, Sanders Stance Against Buybacks Could Curb Alphabet Outlook

Legislative action to block buybacks is pertinent for Alphabet earnings.

Today's Trades

Covered and then reshorted Added to my , and shorts (moved to medium-sized from neutral) Bought some SPY puts (maturing at the close) Bought small Sold some (after the run from the low $40s -moved from medium to small) I was a bit over my skiis long...

Liking This Action

I really like the pin action in a number of my core longs: , , , , (as expected off of the strength), , , , and . and , not so much! Note: Long GS (large), BAC (large), C (large), WFC (large), JPM (large), DWDP (large), HIG (large), CBS, M (small), ...

Wells Fargo's Charts and Its Improving Fundamentals Aren't in Alignment

Wells Fargo's Charts and Its Improving Fundamentals Aren't in Alignment

It is hard to become excited about the long side of the banking giant due to overhead resistance and a lack of aggressive buying of its shares.

WFC's Dividend

Wells Fargo raises its cash dividend.

Real Money Report Card: Big Week for Bank Earnings

Real Money Report Card: Big Week for Bank Earnings

Banks' quarterly reports mean quarterly grades are due.

I'm Focused on Stalking an Entry Point for an Index Short

I'm Focused on Stalking an Entry Point for an Index Short

I continue to have a very difficult time finding individual stocks that I want to buy at this juncture.

Health Care Stocks Face Political Risk, How I'm Playing Netflix: Market Recon

Health Care Stocks Face Political Risk, How I'm Playing Netflix: Market Recon

Do we have to run for the hills? Not necessarily.

Real Money Video Wrap: Citi Surges as View of Stability Saves Sentiment

Real Money Video Wrap: Citi Surges as View of Stability Saves Sentiment

Citi overcame a mixed print to send its stock surging on Monday.

Chart of the Day: Citi's Stabilization Comments Buoy Banking Sector Sentiment

Chart of the Day: Citi's Stabilization Comments Buoy Banking Sector Sentiment

If one is betting on a sustained surge from Citi, bigger banks could be bullish bets.

Earnings Season Is Here and This Week Is About the Banks: Market Recon

Earnings Season Is Here and This Week Is About the Banks: Market Recon

Citigroup bats lead-off for the banks, who as a group will bat lead-off for the entire sphere of public equities.

Investors Look Ahead to Big Corporate Earnings Next Week

Investors Look Ahead to Big Corporate Earnings Next Week

JPMorgan Chase, Wells Fargo and Netflix are just some of the companies reporting next week.

The Deteriorating Outlook for Global Economic and U.S. Corporate Profit Growth Will Likely Act as a Headwind to Stocks From Here

* The fundamentals are bad and getting worse * Expectations remain far too optimistic * Reward v. risk no longer attractive * S&P cash stands at 2590 against a "fair market value" of 2400-2500 Even before Fed Chair Powell delivered his more dovish m...

Oh the Wells Fargo Settlement Is a Comin'

Wells Fargo  is getting some better news for a change. I'm long on the name.  

Here's How to Panic in a Very Smart Way

Here's How to Panic in a Very Smart Way

The smart way to panic is to remove any trace of financial systemic risk from your portfolio.

Stocks in My Pension Plan

Here is a list of stocks I own in my pension plan:  ,   ,   ,   ,   ,   ,   ,   ,   ,  .

Looking Ahead

S&P futures are trading about 45 handles above the day's lows. In my view, we are headed to a year-end rally. Many investors are justifiably fearful but I expect (and am hopeful) that when we look back a month from now many may rue that they didn't ...

I Am Personally Buying Stocks Now

For about two years my personal pension plan has been entirely in short term Treasuries. This morning I abandoned that strategy and I have taken positions (on the opening) in the following stocks: , , , , and . I have no current intention of trading...

Here's Why Bank Stocks Are Sinking Today

Here's Why Bank Stocks Are Sinking Today

Wake up and smell what the Fed is cooking and lower the amount of your portfolio allocated to stocks.

Establishing Longs

I just established the following longs (in a new managed account): Square $64.96, Goldman Sachs $185.57, Wells Fargo $52.29, Citigroup $62.52, and Bank of America $27.19.

Kass: I View Deutsche Bank as the Next Black Swan in Europe

Kass: I View Deutsche Bank as the Next Black Swan in Europe

DB's shares hit another new low overnight.

Deutsche Bank's Woes are a Positive for U.S. Money Center Bank Stocks

* Large U.S. banks are rapidly gaining share in fixed income trading and retail and corporate lending Deutsche Bank's shares have hit another new low overnight. As I have written in the past, I view as the next Black Swan in Europe: "Like Sears , De...

Today's Trades

I have added to the following longs: , , and .

Jim Cramer: Time for the Fed to Do One and Wait

Jim Cramer: Time for the Fed to Do One and Wait

Here's how Jerome Powell can stand down after this hike and not compromise the independence of the Fed.

A Look Back on My Trading Week

Of the trading long rentals I took in the market's schmeissing earlier in the week, only a small position in Cisco remains. I expect to continue to hold the add-ons in Twitter , Citigroup , Bank of America , JPMorgan Chase and Wells Fargo . (These a...

Warren Buffett Gives Bank Stocks His Imprimatur

As mentioned on Wednesday, despite already sizable holdings, Warren Buffett's Berkshire Hathaway purchased nearly $14 billion of financial services equities in the most recent quarter: * Bank of America (198 million shares, $5.7 billion) * JPMorgan ...

Brexit Blues and Fed Follies: Market Recon

Brexit Blues and Fed Follies: Market Recon

Investors still fear missing out on a significant year-end rally, despite earnings that appear to be at peak levels and an economy that appears to have reached peak growth.

The Oracle of Omaha Buys JPMorgan

* And puts his imprimatur on the U.S. money center bank stocks "One last thing." -- Lt. Columbo After the close, Berkshire Hathaway announced a new investment position in JPMorgan Chase . Normally I would view this as a non-event but I see this as r...

I Am Poised to Move Back to a Large Short Position

As the market broke down late last month I penned a column, "A Contrarian's Thoughts" (while I unemotionally took on a number of trading long rentals based on the expectation of a possible rally in the S&P Index towards 2800-2850):  "The pessimism i...