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Wells Fargo
I think Wells Fargo (WFC) is making the right move by attempting to double their asset management business within the next seven years.  Asset management is not a capital intensive business and it is very scalable so I’d expect the company to be able to increase profitability as it grows.  Wells Fargo also has the...
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Wells Fargo (WFC) today released very encouraging earnings numbers today including increasing net interest margins, and strong profits led by mortgage refinancing.  The environment is getting better for these large banks and Wells Fargo certainly has the least volatile business structure due to their more vanilla and transparent business model.  It’s interesting to see bank...
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When most people think of Warren Buffett’s investment philosophy they think of his large positions in iconic companies such as Coca Cola, Burlington Northern, Geico, Wells Fargo, etc.  These investments are core positions where he was able to allocate huge sums of money with the understanding that the franchise values would continue to grow over...
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Today we had some big news with the Federal Reserve announcing the results of the dramatic stress tests.  As a whole the US banking industry did quite well, which is to be expected considering they have double the capital that they had three years ago. I was somewhat surprised to see Citigroup, which has one...
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We should see the release of Federal Reserve’s draconian stress test this week which should clear the path for many of the stronger banks to increase their dividends and share buybacks.  It is important for these companies to be able to operate in the shareholders best interests, yet still follow all regulatory guidelines. For the...
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