b*******u
发帖数: 481 | 1 If you buy Wells Fargo today at $9, here’s what you get:
Great growth. Take a look at Wells’ acquisition-adjusted growth figures (
from 6/31/07 to 12/31/08) on the table below, and compare them to those of
its big-bank peers (JP Morgan Chase, Citigroup, and Bank of America) and a
broader list of nine peers (those first three big banks plus BB&T, Capital
One, Fifth Third, Regions, Suntrust, and US Bancorp):
Wells Fargo Large Bank Peers Top 9 Peers
Earning Assets | b*******u
发帖数: 481 | 2 If you buy Wells Fargo today at $9, here’s what you get:
Great growth. Take a look at Wells’ acquisition-adjusted growth figures (
from 6/31/07 to 12/31/08) on the table below, and compare them to those of
its big-bank peers (JP Morgan Chase, Citigroup, and Bank of America) and a
broader list of nine peers (those first three big banks plus BB&T, Capital
One, Fifth Third, Regions, Suntrust, and US Bancorp):
Wells Fargo Large Bank Peers Top 9 Peers
Earning Assets 25% 3% 7%
Deposits 13% 10% 10%
In addition, in the most recent quarter, Wells’ loan portfolio grew by 2.4%
sequentially while average loan growth at the three large banks fell by 2.1
% over the same period, and fell by 1.1% at the top-nine peers.
Most importantly, Wells Fargo has shown superior growth in its pre-tax, pre-
loan-loss-provision earnings, compared to sharp declines at its peers.
Average Annual Pre-Tax, Pre-Provision Earnings Growth (in Percent)
Wells Fargo Large Bank Peers Top 9 peers
1 Year 17.4 (60.5) (47.9)
5 Year 11.3 (60.4) (41.7)
An Incredible Franchise. Wells Fargo has the best franchise of the largest
banks, in my view. The company is broadly diversified geographically, and
has strong presence in some of the country’s fastest-growing markets. Plus,
it has broad product diversification, and a strong core deposit franchise.
On that last point in particular, take a look at Wells’s average cost of
deposits compared to its peers.
The Average Cost of Deposits (in Percent)
Wells Fargo 0.91
Large-Bank Peers 1.59
Top 9 Peer 1.73 | N*****d
发帖数: 9872 | 3 Aglee. $9 would be a different story | h******k
发帖数: 13418 | | H******C
发帖数: 700 | 5 亏大了。如果这笔钱当初投在 AMZN, NFLX, 甚至SPY, QQQ 上，收益绝对超过WFC | N*****d
发帖数: 9872 | 6 段永平09年抄底GE赚的已经全部被MM收回去了
【在 H******C 的大作中提到】
: 亏大了。如果这笔钱当初投在 AMZN, NFLX, 甚至SPY, QQQ 上，收益绝对超过WFC
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