Tuesday, December 15, 2009

Wells Fargo is repaying the government bailout

"Wells is not making money on an operating basis," said Paul Miller, managing director over at FBR Capital Markets (Underperform). "Most of their gains are from trading, and if rates ever go up, they could be in a precarious position."


1 comment:

Anonymous said...

It would seem that Wells is making a good bet at this point then. The Fed has indicated rates will stay at their current levels into next year. Possibly even 3rd or 4th quarter.