Founded by Henry Wells and William Fargo in 1852, 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’s corporate headquarters is now located in San Francisco.
In terms of market value, Wells Fargo is the largest bank in the world and one of the four big banks in the United States. The three other banks include Bank of America, JPMorgan Chase, and Citigroup. Wells Fargo operates through three divisions: Community Banking provides mortgages, loans, credit cards and other financial services; Wholesale Banking supplies business loans; and Wealth, Brokerage and Retirement offers wealth management, brokerage and trust services to individuals and institutions, such as pension plans.
With 95% of its revenues coming from the U.S., Wells Fargo stands to benefit from a recovering American economy, and from the higher interest rates that are likely in the future. Wells Fargo is financial institution that all investors should keep tabs on if they’re interested in the U.S. financial markets. At TSI Network we especially like Canadian Banks and we also recommend using our three-part Successful Investor philosophy for investing:
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PROCTER & GAMBLE CO., $156.07, New York symbol PG, is a top pick for 2023.
The company is one of the world’s largest makers of household and personal-care goods. Its major brands include Tide (laundry detergent), Pampers (diapers), Gillette (razors), Crest (toothpaste) and Vicks (cold remedies).
Procter will… Read More
J.P. MORGAN CHASE & CO., $138.73, New York symbol JPM, remains a buy.
The stock lets investors tap the largest banking firm in the U.S., with total assets of $3.74 trillion as of March 31, 2023.
In response to rising interest rates and inflation, the bank… Read More
Rising interest rates and inflation are forcing these banks to set aside more funds to cover potential bad loans. However, tougher lending standards introduced since the 2008 financial crisis will keep any losses low compared to the banks’ overall loan portfolios.
J.P. MORGAN CHASE & CO… Read More
The shares of these two U.S. banks continue to rebound from their pandemic lows. Even though a slowing economy is forcing them to bolster their loan reserves, they remain well capitalized. That should let them return more cash to shareholders.
J.P. MORGAN CHASE & CO. $132… Read More
Rising interest rates and inflation are forcing these banks to set aside more funds to cover potential bad loans. However, tougher lending standards introduced since the 2008 financial crisis will keep any losses low compared to the banks’ overall loan portfolios.
J.P. MORGAN CHASE & CO… Read More
J.P. MORGAN CHASE & CO., $122.23, New York symbol JPM, remains a buy.
The stock lets investors tap the largest banking firm in the U.S., with total assets of $3.77 trillion as of September 30, 2022.
Morgan last raised your quarterly dividend with the October 2021 payment… Read More
WELLS FARGO & CO. $41 remains a buy. The bank (New York symbol WFC; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 3.8 billion; Market cap: $155.8 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Average; www.wellsfargo.com) has passed the U.S. Federal Reserve’s latest stress test, which measures how financial firms… Read More
WELLS FARGO & CO. $41 remains a buy. The bank (New York symbol WFC; Income Portfolio, Finance sector; Shares outstanding: 3.8 billion; Market cap: $155.8 billion; Price-to-sales ratio: 2.1; Dividend yield: 2.9%; TSINetwork Rating: Average; www.wellsfargo.com) is third-largest banking firm in the U.S., with total assets of $1.90… Read More
J.P. MORGAN CHASE & CO., $114.76, New York symbol JPM, remains a buy.
The stock lets investors tap the largest banking firm in the U.S., with total assets of $3.84 trillion as of June 30, 2022.
Morgan last raised your quarterly dividend with the October 2021 payment… Read More
IMPERIAL OIL LTD., $57.49, Toronto symbol IMO, is a buy.
This company gets about 60% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in projects off the coast of Atlantic… Read More
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The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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TSI Network does everything possible to prevent unauthorized intrusion to its websites and the alteration, acquisition or misuse of personal information by unauthorized persons. Notably passwords submitted by users of our websites are encrypted using encryption mechanisms. However, TSI Network cautions visitors to its websites that no network, including the Internet, is entirely secure. Accordingly, we cannot be responsible for loss, corruption or unauthorized acquisition of personal information provided to our websites, or for any damages resulting from such loss, corruption or unauthorized acquisition.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
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