Wells Fargo: Bank On America’s Bright Future

Wells Fargo & Co. (WFC) is a household name in the United States, and is one of the largest banks in the world. The company is a nationwide diversified financial services company with $1.7T in assets. Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance services through more than 8,700 locations, more than 12,500 ATMs, online, and mobile devices. Wells Fargo was rated as the 8th biggest public company in the world by Forbes in 2014, and 29th biggest company by revenue in the U.S. by Fortune Magazine. The company went through financial stress during the recent financial crisis. However, it came out on top and now holds the #1 spot as America’s largest retail mortgage lender and servicer. It is the largest holding of Berkshire Hathaway, which owns 9% of the company and continues to be a great performer. The company is currently fairly valued with most valuations pointing to a stable outlook.

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2 thoughts on “Wells Fargo: Bank On America’s Bright Future

  1. Great in-depth article about a company I’ve casually been watching. My financial sector exposure is pretty limited at the moment and I have heard nothing but good things about WFC for a while now. I know a few DGI bloggers have them in their portfolios, you included and you make a good case for them. As always, thanks for a good post.

    – HMB

    • Thanks HMB. Glad you liked it. WFC can provide a great exposure to the financial sector and the US market – its my only US bank holding. Its been a while since I added to that position and I should consider adding to it.

      cheers
      R2R

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