Today's Pick : Wells Fargo & Co. (WFC)
Wells Fargo has been hit pretty hard with the recent scandal related to Opening of New Accounts. Whether they were following a Industry Wide practise or not, time will tell. The stock, though, has certainly been impacted big time and is trading at it's 2 year low, at $45 a share.
Given the history of Wells Fargo and a strong backing from none other than Mr. Warren Buffet which has a huge stake in the bank, this should certainly turn out to be an underdog in years to come. The price targets and market consensus are all pointing higher to about $53+ a share.
This would certainly be a good 'Buy' in a market where there are very little buying opportunities.
Don't hold your breath, Go For It!
Wells Fargo has been hit pretty hard with the recent scandal related to Opening of New Accounts. Whether they were following a Industry Wide practise or not, time will tell. The stock, though, has certainly been impacted big time and is trading at it's 2 year low, at $45 a share.
Given the history of Wells Fargo and a strong backing from none other than Mr. Warren Buffet which has a huge stake in the bank, this should certainly turn out to be an underdog in years to come. The price targets and market consensus are all pointing higher to about $53+ a share.
This would certainly be a good 'Buy' in a market where there are very little buying opportunities.
Don't hold your breath, Go For It!
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