Wells Fargo & Company (WFC)

23.28
NYSE
Prev Close 23.25
Day Low/High 23.11 / 23.59
52 Wk Low/High 22.00 / 54.75
Exchange NYSE
Shares Outstanding 4132.50B
Market Cap 96.08B
P/E Ratio N/A
Div & Yield N.A. (N.A)
Can the Fed Fix the Market's Economic Uncertainty?

Can the Fed Fix the Market's Economic Uncertainty?

Forget the issue of a retest of the lows for now and focus on new areas of technical support.

The Death of Capitalism

The Death of Capitalism

The seeds of this government takeover of markets were planted more than a decade ago.

New Buy (and Short) Levels

* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the t...

The Demand and Risks for Loans Under the Paycheck Protection Program

The Demand and Risks for Loans Under the Paycheck Protection Program

Don't get me wrong, something is better than nothing, however, PPP, as large as the numbers sound, won't make a difference if businesses aren't operating again within six weeks.

A Reason to 'Chase'

A Reason to 'Chase'

CEO Jamie Dimon is back and the firm is in good shape, even if times are rough, so I plan to add on weakness.

Is Now a Good Time to Buy Banks for the Long Run?

Is Now a Good Time to Buy Banks for the Long Run?

Given the current price pattern in the banks, I see no reason to rush to buy them at this point.

Bank of America and the Large Money Center Banks Represent Unusual Intermediate Term Value

* Over the weekend I "stress tested" Bank of America's earning projections (and that of the other money center banks) * The Covid-19 inspired recession will result in only about a 5-6 quarter long push back of normalized EPS for BAC * Though earning...

Q2 Earnings Expectations, 4 Key Economic Questions, Trading Abbott Labs

Q2 Earnings Expectations, 4 Key Economic Questions, Trading Abbott Labs

I do believe that having no economy is temporary. I also believe that what comes out on the other side will be smaller, far less global.

Adding to 4 Stocks

I added to , , , and this morning.

Wells Fargo Raised to Hold at Berenberg

I See a Smorgasbord of Possible 'Generational' Opportunities: Constructing an Investment Portfolio for the Next 1-3 Years

* Before you read this opening missive be sure you understand your risk appetite and profile as well as your time frame * I see a possible "generational" investment opportunity developing and I am now even more aggressively buying for the intermedia...

Market Friendly Developments?

* Ns over Ss! * The lingering impact of COVID-19 on our behavior helps to explain my large long investments in Google, Amazon and Twitter * Banks were the problem in the last recession, they will be part of the solution over the next few years I am ...

Today's (and Yesterday's) Trades

I added to , , , , , , and this morning. A reminder that yesterday I initiated new positions in , , , , and .

Though This May Not Be 'The' Time to Buy, It May Be 'A' Time to Buy

* The market outlook will be a function of economics and emotion -- I am more optimistic of the outcome than most * Uncertainties and, now panic, are reflected in uneven and inconsistent market swings on a daily and evenly hourly basis * But, uncert...

Jim Cramer: The Question Is, When Can We Buy?

Jim Cramer: The Question Is, When Can We Buy?

Let's talk about opportunities amid the coronavirus crisis, and how Fed Chair Jerome Powell took bold action that puts us in a better position than before.

There's Too Much Damage on the Wells Fargo Charts

There's Too Much Damage on the Wells Fargo Charts

The decline in WFC started early and that should tell us something.

Jim Cramer: Panicking Never Made Anyone a Dime, but These Will

Jim Cramer: Panicking Never Made Anyone a Dime, but These Will

Here are six companies that should come through in the tough times ahead.

There's a Worthy Options Play to Be Had With JP Morgan

There's a Worthy Options Play to Be Had With JP Morgan

I'm not willing to stick my neck out right now and take an equity stake.

Added to 6 Stocks

I added to , , , , and this morning.

Buys Today

, , , , , , , , , .

Messy Markets, Trading Notes, What Now for Microsoft?: Market Recon

Messy Markets, Trading Notes, What Now for Microsoft?: Market Recon

What we have witnessed in recent days would be Wall Street and corporate America in aggregate finding great difficulty in quantifying what is clearly at this point, unknowable.

Ugly Scenarios, Ugly Stocks, Ugly Bonds... You Get the Picture: Market Recon

Ugly Scenarios, Ugly Stocks, Ugly Bonds... You Get the Picture: Market Recon

Plus, a bit of coaching on how to put your money to work opportunistically amid the uncertainty.

Hitching Myself to Wells' Wagon

"Just one more thing." - Lt Columbo I am bidding for Wells Fargo on the news of a $3 billion settlement with the government, which was announced after the close.

My Recent Moves

I thought it might be helpful to briefly summarize some of my more meaningful moves in the market over the last few weeks: * I eliminated Goldman Sachs around $240 (my year end 2020 target price) and reduced the size of my , and longs. Lower interes...

Twilio May Not Rally to the Clouds, but Possibly to July Highs

Twilio May Not Rally to the Clouds, but Possibly to July Highs

But a shallow dip before renewed gains is possible for TWLO.

You Can Bank on This Dividend Stock's Slow and Steady Approach

You Can Bank on This Dividend Stock's Slow and Steady Approach

Given the headlines of late, it's no wonder so many missed the news of this small Massachusetts Dividend Contender's latest increase.

Liquid

For those that are keeping score, I am very liquid today... Longs: , , , , , ,   , , , , and Shorts: , , , , , , , , , and __________ Long FDX (large), GLD (small), KSS, KHC (large), PZZA, TWTR (large), VIAC (large), M (large), GE (small), C, BAC, W...

Kass: Apple Is the Most Consequential Investment That Warren Buffett Ever Made

Kass: Apple Is the Most Consequential Investment That Warren Buffett Ever Made

Consider that The Oracle is currently 89 years old - and that he made his single best portfolio investment in over a half century at 87 years old!

Berkshire Hathaway's Purchase of Apple Shares May Be Viewed as the Most Consequential Investment That Buffett Has Ever Made...

* It is also probably the greatest investment ever made of a publicly-listed company in history - in either profits in absolute dollar terms or whether based on a time-weighted percentage return * Berkshire Hathaway has made about $43 billion on its...

Banks... It's an Issue of Timing Now

* With a less favorable reward vs. risk ratio, banks are less attractive over the near term I continue to increase my effective cash position and to reduce my gross exposure in this uncertain and elevated equity market. I have been adding to my shor...