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Wells Fargo & Co WFC

Alternate Symbol(s):  WFC.PR.D | WFC.PR.L | WFC.PR.Y

Wells Fargo & Company is a financial services company. It provides a diversified set of banking, investment and mortgage products and services, and consumer and commercial finance, through banking locations and offices, the Internet (www.wellsfargo.com) and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in countries outside the United States. Its segments include Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking, and Wealth and Investment Management. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients. Commercial Banking products and services include banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management.


NYSE:WFC - Post by User

Bullboard Posts
Comment by elliott39on Jan 21, 2009 5:15pm
567 Views
Post# 15719452

RE: RE: RE: WOW!

RE: RE: RE: WOW!I'm still waiting for some indications on the dividend but I agree $14 area looks quite tempting.  I'm not a technical expert but from what little I know the chart for WFC is not bullish and needs some time to establish a base.  On tthe other hand the Morgan Stanley (MS) chart looks much stronger.  I once read that bottoms are usually accompanied by the crazy swings that we saw on inaugeration day.  The subsequent recovery today indicates to me that the market is rather skittish.  I'm not a big gambler but if we get another day like Tuesday I might just jump into a small position.  Additionally,  with WFC's announcement next week you might see a pop in the price,even if the dividend is cut.  Often happens once the unknowns are out of the way.  Interesting times if you are not over commited and have a balanced portfolio.  IMO.  Good luck.
Bullboard Posts