Out Fox The $treet

  Wells Fargo & Company reported a solid Q1 2023 beat despite the banking crisis. The large bank faces higher credit losses and deposit pressure. Wells Fargo repurchased $4 billion worth of stock in a strong return to buying cheap shares. Wells Fargo & Company stock remains cheap at 8x EPS targets. While the U.S. banking sector was in a crisis during Q1,  Wells Fargo & Company  ( NYSE: WFC ) spent the quarter repurchasing a ton of shares. The large bank definitely faced growing credit problems, but the credit losses  aren't alarming. My  investment thesis  remains ultra Bullish on the stock at $40. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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. 

Wells Fargo reported Q4 results that missed analyst estimates. The large bank still trades at the high end of sector valuations, despite a relative underperformance over the last three months. Investors should remember that success is all relative. Before the open on Friday,  Wells Fargo  (NYSE: WFC ) reported  quarterly earnings  along with a group of large financials. The troubled bank actually missed estimates while the sector had generally blowout numbers. Read the full article on Seeking Alpha.  Disclosure: Long C. Please review the disclaimer page for more details. 

Wells Fargo (WFC) has been a long time holding in the Net Payout Yield Portfolio mainly because the company use to pay a sizable dividend. WFC also has one of the best management teams in the banking sector. The position size has remained small for a while mainly due to the cut of the dividend back in the financial crisis. WFC currently pays a annual divy of $.20 amounting to paltry 0.8%. Nothing worthwhile of the Net Payout Yield which typically finds companies with yield exceeding 5-6%. Today, the CFO announced  at the BancAnalysts Association of Boston conference that they were working on plans of reinstating a dividend that eventually would match the 35-40% payout ratio from before the crisis. At current stock prices, that would place the divy over 4% based on the estimate of earnings at $2.8 in 2011. WFC becomes a lot more attractive to investors with a 4%+ divy. Looking at adding to the position prior to such a move. Via Dow Jones Newswires: Wells Fargo & Co. (...