1 Reason Wells Fargo Can Keep Winning
When many investors think of Wells Fargo (NYSE: WFC), they think of that scandal-plagued bank that has underperformed its large peers over the past five years. But things have gradually changed at the bank, the third-largest in the U.S. according to the Federal Reserve. In fact, this year, Wells Fargo has outperformed its peers -- up about 32% year to date at Friday's prices.
Yes, Wells Fargo is winning. Investors want to know why, and whether it's sustainable. The answers are yes and yes, for one key reason: improved risk management and oversight.
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Source Fool.com
