Wells Fargo & Co. (WFC)

48.71
0.21 0.43
NYSE : Finance
Prev Close 48.92
Open 48.46
Day Low/High 48.40 / 48.85
52 Wk Low/High 43.02 / 57.84
Volume 1.60M
Avg Volume 19.23M
Exchange NYSE
Shares Outstanding 4.41B
Market Cap 214.36B
EPS 4.30
P/E Ratio 10.00
Div & Yield 2.04 (3.77%)

A Shopping List of Possible Buys

I am not making a long purchase today.  But if you don't share my ursine market view I would consider the following at current prices: , , all banks ( , , and ), retail ( and ), and .

Market Observations

* Trading unemotionally and opportunistically I aggressively bought into the very large sell program at about 3-3:30 p.m. All I can write is that it was a wild day with possibly one of the largest intraday moves I have ever seen.   These sort of spa...

Whither Bank Stocks?

* I am aggressively using the current weakness in bank stocks to expand my long investment positions * In a fairly valued market, banks represent uncommon value * Bank stocks may be among the best long hedge (I know of) as viewed and measured agains...

Wells Fargo Boosts Share Buyback Program

Break in. Wells Fargo boosts their share buyback program by an additional 350 million shares.  

Bank Buys Today

My largest buys today were in Bank of America , Citigroup , JPMorgan and Wells Fargo .

Jim Cramer: The Move Out of Regional Banks Is Fed-Fueled

Jim Cramer: The Move Out of Regional Banks Is Fed-Fueled

The shift from regional to national banks is stark.

Reiterating a Bullish Long Term Thesis on the Banks

*In a richly valued market banks represent uncommon value I have been following banks and other financial stocks for 40 years. I believe I have "Street Cred" as back in the early 1970s (while getting my MBA at Wharton), as a "Nader Raider" I co-auth...

U.S. Stock Futures Weaken as Global Markets Slide on Saudi Tensions

U.S. Stock Futures Weaken as Global Markets Slide on Saudi Tensions

U.S. stocks look set for another volatile session Monday as investors re-set prices in markets all over the world amid amid escalating tensions between Washington and Riyadh over the death of a prominent Saudi journalist in Turkey last month as well as renewed concerns for trade disputes between the U.S. and its major economic partners.

Real Money Rewind: The Big Banks, 2009 to Now

Real Money Rewind: The Big Banks, 2009 to Now

A look back at one of the darkest hours to contextualize Friday's market volatility.

Wells Fargo Reports Decline in Deposits, Loans

Wells Fargo Reports Decline in Deposits, Loans

Wells Fargo beat on quarterly revenue but missed on earnings per share.

A Big Oversold Bounces Kicks In, but Bank Earnings Reports Are Key

A Big Oversold Bounces Kicks In, but Bank Earnings Reports Are Key

The good news about a bounce like we are seeing this morning is that it helps create some obvious technical levels.

2 Ways to Trade Dangerous Netflix in This Dangerous Landscape: Market Recon

2 Ways to Trade Dangerous Netflix in This Dangerous Landscape: Market Recon

Markets will be watching subscriber growth and pricing power when NFLX reports on Tuesday.

Bank Stocks Perk Up After Hours Before Friday Earnings

Bank Stocks Perk Up After Hours Before Friday Earnings

Loans will be a pivotal piece of the picture as major U.S. banks report earnings on Friday.

I Will Be Moving to a Large-Sized Investment Position in the Banks Today and Tomorrow

"Progress is cumulative in science and engineering, but cyclical in finance." -- James Grant, "Money of the Mind: Borrowing and Lending in America from the Civil War to Michael Milken" I will be moving from a small/medium-sized exposure in banks to ...

How to Play Cloud Kings Salesforce and Adobe: Market Recon

How to Play Cloud Kings Salesforce and Adobe: Market Recon

The cloud sector has suffered, but this is how to navigate this selloff.

Banks Remain My Most Favored Sector Along Almost Any Timeframe

I have consistently opined that bank stocks are my most favored investment sector for the next several years. I have thought of the group as investments but the way rates are acting they may also be a trade to the upside. When I went "all out" and l...

Da Banks

Earnings season will start in earnest late next week. That's when we'll hear from the likes of JPMorgan Chase , Citigroup , and Wells Fargo . As an aside, the banks are finally feeling some relief today as the U.S. 10-year has finally put some dista...

I'm Staying Away From Tesla on Musk SEC Probe: Market Recon

I'm Staying Away From Tesla on Musk SEC Probe: Market Recon

If Musk is barred from running this company, as with any sinking ship, the rats will finally flee.

Jim Cramer: Valuations Now Have No Relation to Common Sense

Jim Cramer: Valuations Now Have No Relation to Common Sense

Analyst downgrades and mind-boggling P/E ratios do not matter in this current market.

My Book

Here is a list of the positions I own (long and short) that have been mentioned in my Diary: Longs: puts, large, small, , small, , large, , small, , , small, large, calls, TWTR large, small Shorts: SPY calls, SPY Large, , small, tagends, small, smal...

3 Big-Name Stocks to Consider Shorting

3 Big-Name Stocks to Consider Shorting

A brewer facing challenges, a banking giant and a retail behemoth are ripe for downside plays.

Inside the Financial Select Sector SPDR ETF

Inside the Financial Select Sector SPDR ETF

Know what you own and why.

GM May Be Ripe for a Trade: Market Recon

GM May Be Ripe for a Trade: Market Recon

The potential reward in GM as hurricane season arrives is now worth some risk.

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG

The Dow was the lone index to find its way into the green before Thursday's closing bell.

My Book

Here is a list of the positions I own (long and short) that have been mentioned in my Diary: Longs: puts, large, small,  , small, , , large, , small, small, small, small, large, large, small. Shorts: SPY calls, SPY large, large, small, tagends, smal...

Back With Banks

This morning I reestablished small investment positions in Bank of America,  ,Citigroup,  ,JPMorgan Chase  and Wells Fargo  . Over the last month I sold out all my bank stocks (at lower prices) - and that was a mistake. Though I remain bearish on th...

Best Ideas List Members Breakout

In the "absence of sellers," a number of Best Ideas List members are breaking out this morning: , , and .

WFC at $60

Wells Fargo seems to have a date with $60.

My Buy List

Here is my buy list of stocks that I plan to aggressively buy in a more sizable market correction: , , , , , , , , , , , , , and .

How to Play Macy's and Walmart on Earnings: Market Recon

How to Play Macy's and Walmart on Earnings: Market Recon

Macy's reports this morning. Here are some trade ideas on retailers as they enter this sweet spot.