Author Topic: WFC - Wells Fargo  (Read 235185 times)

Spekulatius

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Re: WFC - Wells Fargo
« Reply #720 on: June 24, 2018, 05:49:31 AM »
Posted by Spekulatius in the C topic, edited by me on purpose to direct the quoting to the WFC DFAST 2018 results:

... I am not even sure that WFC is thr best deal amongst the banks right now. I do think they did decently in the stress test. ...

The DFAST 2018 for WFC was actually what I was most curious about under my reading of FED DFAST 2018 report yesterday. Personally, I think WFC passed the stress test in fine style.

Somehow a bit odd, considering how hard FED has come down on WFC recently with that order not to expand business volume for WFC. I'm speculating here, that FED has been on a mission to get WFC to get its act together. If that is true, based on the stress test result for WFC, the order now seems like some kind of overreaction.

I agree that WFC does did well, as did the Subs of the European banks by the way. I found it surprising how much of a hit the investman banks took (G, MS, even JPM and CS to some extend) and then STT, which I don’t understand at all. MS appears to be very much in risk on mode.
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sleepydragon

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Re: WFC - Wells Fargo
« Reply #721 on: June 24, 2018, 06:30:23 AM »
In the most recent presentation by WFC’s ceo, they are aiming reaching roe of 15% in a few years, through returning capitals and cutting expenses. If they are successful at it, the stock is definitely undervalued, imo.

Viking

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Re: WFC - Wells Fargo
« Reply #722 on: June 28, 2018, 02:25:10 PM »
WFC is the big winner of this years CCAR sweepsteaks. While under the Fed’s microscope they were able to deliver what looks to me to be the largest total payout (if I am understanding things properly. Not being allowed to grow their balance sheet may have helped them get approval to return more capital. Dividend of $0.43 = yield of 3.1% (on share price of $55).

“the Company expects that it will, subject to approval by the Company’s Board of Directors, increase its third quarter 2018 common stock dividend to $0.43 per share from $0.39 per share. The plan also includes higher levels of common stock repurchases1 – up to $24.5 billion for the four-quarter period (third quarter 2018 through second quarter 2019), compared with Wells Fargo’s 2017 Capital Plan, which covers the third quarter of 2017 through the second quarter of 2018 and includes up to $11.5 billion of common stock repurchases1, of which $8.5 billion of common stock has been repurchased1, 2 through the first quarter of 2018. In addition, the Company may consider redemptions or repurchases of other capital securities as part of the plan.”

sleepydragon

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Re: WFC - Wells Fargo
« Reply #723 on: June 28, 2018, 04:19:26 PM »
$$$$ 8)

John Hjorth

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Re: WFC - Wells Fargo
« Reply #724 on: July 14, 2018, 01:47:27 AM »
For those further interested in the discrete tax hit that WFC was subject to under 2018Q2, here is a link to a Wikipedia article about South Dakota v. Wayfair, Inc.
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