Lots of people take comfort from Warren Buffett’s imprimatur. There is something about one of the richest self-made investors liking something..
The cycle of civil fines resulting from 2008 mortgage melt-down issues is coming to a close.
If you believe interest rates are headed upwards Banks such as Wells Fargo generally do well in rising interest rates.
Credit quality is improving and cost cutting is working its way through the system.
Wells Fargo business model is difficult to duplicate. Executives are steeped in this culture and steer the ship accordingly.
The Wachovia acquisition has not been fully maximized. Some low hanging fruit still available.
George Gutowski writes from a caveat emptor perspective.