Value Investing News

Last week Wells Fargo (WFC) reported better than expected first quarter EPS of $0.55/share. If the company manages to maintain earnings at the current rate, the annual EPS would jump up to $2.20/share. That puts the forward P/E ratio at 9, which is pretty low, and makes the stock pretty attractive at current levels.

• http://www.dividendgrowthinvestor.com/2009/04/wells-fargo-wfc-show-me-money.html (2)