Here's Why Warren Buffett Loves Wells Fargo
After years of Warren Buffett singing its praises, Wells Fargo has separated itself from the pack in terms of performance. This hasn't gone unnoticed by the market, as shares trade at a significant premium when compared to its competitors.
Some investors have begun to hold the notion that Wells Fargo's shares lack upside potential. In this video, Motley Fool banking analyst David Hanson reminds investors that companies don't always have to be at rock-bottom prices to be good buys, and why he thinks Wells Fargo might still thrive.
Wells Fargo's dedication to solid, conservative banking helped it vastly outperform its peers during the financial meltdown. Today, Wells is the same great bank as ever, but with its stock trading at a premium to the rest of the industry, is there still room to buy, or is it time to cash in your gains? To help figure out whether Wells Fargo is a buy today, I invite you to download our premium research report from one of The Motley Fool's top banking analysts. Click here now for instant access to this in-depth take on Wells Fargo.
The article Here's Why Warren Buffett Loves Wells Fargo originally appeared on Fool.com.David Hanson has no position in any stocks mentioned. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.