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Wells Fargo: Weakest Capital Return Hike For Good Reason

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Wells Fargo hiked capital return plans by over $3 billion.
The large bank had the smallest hike of the large banks.
The valuation thesis along with lingering fraud headwinds limit the relative value of the stock.
At a time when most of the large banks approved massive increases to capital returns, Wells Fargo (WFC) had a not so surprising limited bump in capital plans. The end result is the large bank that use to lead the sector in capital returns is now turning into a laggard confirming by previous investment thesis.
Read the full article on Seeking Alpha. 

Disclosure: Long C. Please review the disclaimer page for more details. 

Comments

superiorpapers com review said…
Wells Fargo used to be the standard against which other banks were judged in the not so distant past but recently their policies have been their undoing.
October 2, 2017 at 9:45 AM
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