In a quarter, thus far, of pretty good bank earnings reports, Wells Fargo (WFC)
stands out as an early outlier with a rare core earnings per share
miss. Not surprisingly, while Wells Fargo continues to offer up
performance metrics that suggest the bank is continue to re-grow its
customer base follow its multiple scandals, the burdens of the
regulator-imposed asset cap and remediation efforts are weighing on the
balance sheet and earnings growth. Although Wells Fargo shares do
continue to look undervalued, there are multiple other banks at similar
(if not better) valuations that offer a cleaner story.
Click here for more:
For Wells Fargo, Heavy Is The Head That Wears The Asset Cap
No comments:
Post a Comment