Jump to content

Buy Wells Fargo?


Recommended Posts

Perhaps I'm a bit daft but given the IMF upgraded the US but downgraded Europe a couple of days ago and since Wells international exposure (to my knowledge) is virtually nil, is there a rationale why it should be down a few percentage points recently?

I bought a lot today but I don't understand the sell off. How can wells be hurt with germany slowing?

Link to comment
Share on other sites

Maybe it goes something like this:


Slowing WW growth / recession = lower interest rates = compression of net interest margin = disaster for lenders.


So the fear is, Europe is slipping into recession / deflation, and it will impact us. I saw the 10-yr is down to 2.33% here, for instance..


Isn't this what killed the Japanese financials?


It's my biggest fear as a WFC shareholder.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...