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...Read More

Bill Ngyren is a respected value investor who manages in excess of $10 billion in the Oakmark Fund.  In this interview he discusses the attractiveness of financials and stocks that are buying back stock at discounts to intrinsic value.  Some of the stocks that they own are JPM, COF, WFC, AAPL, KSS, NOC, and DTV....Read More

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...Read More