Parsad Posted February 5, 2012 Share Posted February 5, 2012 Fantastic Forbes article on Wells. Cheers! http://www.forbes.com/sites/halahtouryalai/2012/01/25/wells-fargo-the-bank-that-works/ Link to comment Share on other sites More sharing options...
rranjan Posted February 5, 2012 Share Posted February 5, 2012 Fantastic write up. Thanks for posting it. Link to comment Share on other sites More sharing options...
Ben Graham Posted February 5, 2012 Share Posted February 5, 2012 The market values Wells above Bank of America, Goldman Sachs and Morgan Stanley—combined. WOW! Amazing, Mr. Market can be right sometimes in valuing a business correctly. Wells does what banks are supposed to do: take deposits and then lend the money back out. As Stumpf’s bible puts it: “There are only three ways a company can grow. First, earn more business from your current customers. Second, attract customers from your competitors. Or third, buy another company. If you can’t do the first, what makes you think you can earn more business from your competitors’ customers or from customers you buy through acquisition?” “There’s only three jobs at Wells Fargo: taking care of existing customers, getting new customers and managing the risk of those two things,” adds Wells’ chief risk officer, Michael Loughlin. Wells Fargo is an excellent business model. Link to comment Share on other sites More sharing options...
Uccmal Posted February 5, 2012 Share Posted February 5, 2012 The influence of WEB on this company is obvious. Link to comment Share on other sites More sharing options...
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