Wells Fargo
New York symbol WFC, provides a wide variety of financial services in the U.S. Internationally, it operates in Canada, the Caribbean and Central America.
WELLS FARGO & CO. $30 (New York symbol WFC; Conservative Growth Portfolio, Finance sector; Shares outstanding: 5.3 billion; Market cap: $159.0 billion; Price-to-sales ratio: 2.0; Dividend yield: 1.6%; TSINetwork Rating: Average; www.wellsfargo.com) earned $15.0 billion in 2011. That’s up 29.2% from $11.6 billion in 2010. Earnings per share rose 27.6%, to $2.82 from $2.21, on more shares outstanding. More clients …read more »
WELLS FARGO & CO. $26 (New York symbol WFC; Conservative Growth Portfolio, Finance sector; Shares outstanding: 5.3 billion; Market cap: $137.8 billion; Price-to-sales ratio: 1.7; Dividend yield: 1.8%; TSINetwork Rating: Average; www.wellsfargo.com) provides a wide variety of financial services through roughly 9,000 branches in the U.S. It also operates in Canada, the Caribbean and Central America. Warren Buffett’s Berkshire Hathaway …read more »
Low interest rates, high unemployment and new banking regulations continue to weigh on the stock prices of Wells Fargo and J.P. Morgan. However, both companies have brought in tighter lending policies. That lowers their risk and improves their long-term outlooks.
WELLS FARGO & CO. $26 (New York symbol WFC; Conservative Growth Portfolio, Finance sector; Shares outstanding: 5.3 billion; Market cap: $137.8 …read more »
WELLS FARGO & CO. $24 (New York symbol WFC; Conservative Growth Portfolio, Finance sector; Shares outstanding: 5.3 billion; Market cap: $127.2 billion; Price-to-sales ratio: 1.5; Dividend yield: 2.0%; TSINetwork Rating: Average; www.wellsfargo.com) has agreed to settle a class-action lawsuit that accused Wachovia Corp. of failing to disclose the risks related to mortgage-backed securities it sold from 2006 to 2008. Wells …read more »
NEWELL RUBBERMAID INC. $17 (www.newellrubbermaid.com) continues to close plants and get out of less profitable businesses. The company uses resins from oil to make most of storage bins, tools and household products, so these moves are helping it offset rising raw-material costs. In the first quarter of 2011, Newell’s earnings per share rose 20.0%, to $0.30 from $0.25 a year …read more »
UNIVERSAL CANADIAN GROWTH FUND $16.35 (CWA Rating: Conservative) (Mackenzie Financial Corp., 150 Bloor St. West, Toronto, Ontario, M5S 3B5. Web site: www.mackenziefinancial.com. Tel: 1-800-387-0780; Load fund: available from brokers) holds companies with strong management and sound business prospects. The fund holds fewer than 40 stocks at all times.
Universal Canadian’s top holdings include Thomson Reuters, Rogers Communications, Edwards Lifesciences, ShawCor, John …read more »
SCOTIA U.S GROWTH FUND $6.49 (CWA Rating: Conservative) (Scotia Securities, 40 King Street West, 6th Floor, Toronto, Ontario M5H 1H1. 1-800-268-9269; Website: www.scotiabank.com. No load — deal directly with the company.) looks at a company’s fundamentals such as earnings, dividend yield, book value, cash flow and low debt, as well as its management, to find undervalued stocks.
The $36.0 million Scotia …read more »
We still advise keeping around 25% of your portfolio in U.S. stocks or mutual funds that hold U.S. stocks.
Our view is that if you stay out of the U.S. market, you miss out on major multi-national investment opportunities that just aren’t available anywhere else. As well, by spreading your investments out between the U.S. and Canada, you can get all …read more »
WELLS FARGO & CO. $31 (New York symbol WFC; Conservative Growth Portfolio, Finance sector; Shares outstanding: 3.3 billion; Market cap: $102.3 billion; WSSF Rating: Average) provides a wide variety of financial services to nearly eight million customers through roughly 6,000 branches and offices in 23 states. Internationally, it operates in Canada, the Caribbean and Central America. Warren Buffett’s Berkshire Hathaway …read more »
Wells Fargo has avoided most of the big writedowns that have led to the recent bankruptcies of several major banks and brokerage firms. That’s largely to due to its stricter lending standards, which limited its exposure to subprime mortgages. The company’s focus on retail banking also provides it with a sound capital base, plus steady fee income from services such …read more »
