While there was a long stretch where bank stocks were virtually untouchable and investors had plenty of bargains to choose from, a great deal more investor interest has pushed up the space. That puts even more of a premium on identifying those well-run banks with above-average growth prospects. While Wells Fargo is not flawless, and its above-average consumer exposure is a risk factor, this is still a stock for investors to seriously consider.
First Quarter Results - Mostly Good
Wells Fargo had a few nicks and dents in its Q1 results, but the performance was solid all in all.
Operating revenue rose 6% from last year to about 3% sequentially, with pre-provision net revenue up about 2% sequentially.
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