http://bankimplode.com/blog/2009/09/14/wells-fargo/ Wed, 23 Sep 2009 21:43:37 -0400 http://wordpress.org/?v=2.8.1 hourly 1 http://bankimplode.com/blog/2009/09/14/wells-fargo/comment-page-1/#comment-1780 Name Thu, 17 Sep 2009 16:03:30 +0000 http://bankimplode.com/blog/?p=82#comment-1780 write offs to be profitable. A bank that does not do riskier (and thus higher rate) loans will not have the returns expected by shareholders. It’s the balance between write-offs and performing assets that makes a bank successful in the long run. Warren Buffet seems to think that Wells Fargo is a good bet, and I’m willing to bet he’s been a bit more successful than most. write offs to be profitable. A bank that does not do riskier (and thus higher rate) loans will not have the returns expected by shareholders. It’s the balance between write-offs and performing assets that makes a bank successful in the long run. Warren Buffet seems to think that Wells Fargo is a good bet, and I’m willing to bet he’s been a bit more successful than most.

]]> http://bankimplode.com/blog/2009/09/14/wells-fargo/comment-page-1/#comment-1074 Derek Mon, 09 Jun 2008 19:07:09 +0000 http://bankimplode.com/blog/?p=82#comment-1074 I'm surprised by the doom and gloom analysis given to Wells Fargo. WFC consistently performs well and Wells Fargo Bank is the only AAA rated bank in the US as of right now. Also remember that a bank must have write offs to be profitable. A bank that does not do riskier (and thus higher rate) loans will not have the returns expected by shareholders. It's the balance between write-offs and performing assets that makes a bank successful in the long run. Warren Buffet seems to think that Wells Fargo is a good bet, and I'm willing to bet he's been a bit more successful than most. I’m surprised by the doom and gloom analysis given to Wells Fargo. WFC consistently performs well and Wells Fargo Bank is the only AAA rated bank in the US as of right now. Also remember that a bank must have write offs to be profitable. A bank that does not do riskier (and thus higher rate) loans will not have the returns expected by shareholders. It’s the balance between write-offs and performing assets that makes a bank successful in the long run. Warren Buffet seems to think that Wells Fargo is a good bet, and I’m willing to bet he’s been a bit more successful than most.

]]> http://bankimplode.com/blog/2009/09/14/wells-fargo/comment-page-1/#comment-195 Lorraine Tue, 11 Mar 2008 00:41:45 +0000 http://bankimplode.com/blog/?p=82#comment-195 Wells Fargo deserves everything that they get for making loans that borrowers were not qualified for. Borrowers could no more afford payments where they were currently not paying a monthly housing payments and going into payment shock... in this case does not matter what the proposed payment was... these borrowers had no history of making a housing payment so.. needless to say it is more than 100% payment shock. I venture to say that most of these people are either currently in foreclosure or pretty close to it or headed towards bankruptcy. Since most of these borrowers had a bad credit history or no credit history at all. They don't or did not know what they were about to head into to. Wells Fargo deserves everything that they get for making loans that borrowers were not qualified for. Borrowers could no more afford payments where they were currently not paying a monthly housing payments and going into payment shock… in this case does not matter what the proposed payment was… these borrowers had no history of making a housing payment so.. needless to say it is more than 100% payment shock. I venture to say that most of these people are either currently in foreclosure or pretty close to it or headed towards bankruptcy. Since most of these borrowers had a bad credit history or no credit history at all. They don’t or did not know what they were about to head into to.

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