Wells Fargo
da wird noch einiges gehen.
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Wertpapier: Wells Fargo Corp. |
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http://www.streetauthority.com/news/...eetAuthority_Daily_--_02-15-11
Warren Buffett Now Has $12 Billion in This Stock
Even for Warren Buffett, there are limits to how many good stocks one can follow. According to his latest quarterly filings for his firm Berkshire Hathaway (NYSE: BRK-B), he's pared his portfolio to just 25 holdings by December 31, the lowest level in several years, and down from 33 three months earlier. He's not running form the market, though. In fact, the total value of his portfolio rose to $52.6 billion in the fourth quarter from $48.6 billion at the end of the third quarter, even as Berkshire owned fewer names.
Most intriguingly, Buffett's tightening his focus. Case in point: Berkshire's decision to sell off the remaining 5 million shares of Bank of America (NYSE: BAC), worth about $745 million, while averaging up on Wells Fargo (NYSE: WFC).
Too many headaches
You can understand why he fell out of love with BofA. The bank seems to be a magnet for bad news, from botched acquisitions to sloppy mortgage processing. The bank's missteps are becoming so well-known on Main Street that Buffett presumably fears that BofA's long-term reputation has suffered.Shares of BofA rallied nearly 30% in December, which is probably all the excuse Buffett needed to get out of the stock.
A cleaner story
One thing has been clear about Wells Fargo: the San Francisco-based bank seems to have adroitly sidestepped a great deal of the potholes besetting the banking sector the past few years. It hasn't been immune to the powerful forces of a down economy, but at least its management hasn't been pilloried by the press (as was the case with BofA and Goldman Sachs (NYSE: GS), and it didn't make life-threatening bad investments that led to government handouts (see Citigroup (NYSE: C)).
The question for investors: Why is Buffett boosting his stake in Wells Fargo to a recent 342.6 million shares(worth nearly $12 billion)? The answers become clear once you dig a little deeper...
Buffett bought shares throughout the fourth quarter on the heels of an impressive third quarter report that saw a wide range of operating metrics get healthier: Non-performing loans stabilized, exposure to the mortgageprocessing scandal appeared contained, and most important, early stage loan delinquencies -- a key harbinger of any future problems -- showed real improvement. All of this led to a bottom-line result that exceeded forecasts by nearly 10%.
Fourth-quarter results were simply quite good, though not above plan, as had been the case in the third quarter. But Buffett's not buying this bank for its near-term performance. He has a long-term view in mind. And for Wells Fargo, it looks quite bright. A wide range of business activities should get stronger and stronger in the next few years -- assuming the economy doesn't fall back.
For starters, interest rates will eventually rise -- which should help to widen the bank's spreads between lending and borrowing. Right now, Wells Fargo's net interest spread is about 4%, though that could rise to 5% or 6% in a firmer economy, if history is any guide.
Second, Wells Fargo has managed to post very impressive results even as the housing sector remains moribund. As housing eventually rebounds, Wells' mortgage origination business should once again become a profit machine. Wells Fargo has $40 billion of financial firepower sitting unused as lending remains slow in this economy. Once the bank steps up its lending, that $40 billion can earn far higher returns.
Add all this up, and analysts will start to look ahead to what Wells Fargo may earn in a better economy. Per-share profits rose from $1.75 in 2009 to $2.21 in 2010, and look headed up to $2.75 this year. Analysts at Guggenheim Securities think "normalized earnings," which the bank may generate within a few years, could hit $4.25 a share without adding any incremental business.
Action to Take ý This is precisely why Warren Buffett is boosting his bet on Wells Fargo. Even after a solid run, shares trade for less than 10 times projected 2012 profits and closer to seven or eight times likely earnings when the economy is truly healthy.
That earnings power could spill over to the dividend as well. Restrictions put in place when the TARP program was in effect have limited the annual dividend to just $0.20 a share, good for a paltry 0.6%yield. Analysts at Sterne Agee think the payout ratio may eventually rebound to 30%, implying a $1.08dividend based on 2012 profit forecasts. This would push the yield above 3%. As the economy improves, the dividend could move even higher, creating the impetus for a dividend yield above 4% when measured against today's stock price.
Shares of Wells Fargo, which have steadily risen into the low $30s, could surge up to the $40 mark once the economy is truly out of the woods. Buffett's bullishness on that outlook is heartening.
-- David Sterman
Moody's reduziert Kreditwürdigkeit von "A1" auf "A2"
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Wertpapier: Wells Fargo Corp. |
Dienstag 21.08.2012, 21:46 Uhr Download -
+ Wells Fargo - Kürzel: WFC - ISIN: US9497461015
Börse: NYSE in USD / Kursstand: 34,43 $
Die Wells Fargo Aktie befindet sich in einem langfristigen Aufwärtstrend seit Sommer 2011. Die Wochenkerzen notieren aktuell wieder in einem mehrfach attackierten Widerstandsbereiche zwischen 33,80 und 34,60 $. Ab Notierungen über 35,00 $ kann der Durchbruch als erfolgreich betrachtet werden. In diesem Falle hätte die Aktie Luft bis etwa 38,75 $.
Setz der Kurs hingegen unter 32,20 $ zurück, so wäre auch diesmal der Ausbruchsversuch erfolglos verlaufen. Ab etwa 30,00 $ beginnt eine Unterstützungszone.
Kursverlauf vom 03.01.2011 bis 21.08.2012
http://dividendhistory.org/payout/WFC/
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Wells Fargo ist größte Bank der Welt
http://www.n-tv.de/wirtschaft/...e-Bank-der-Welt-article11049911.html
Ein Nackenschlag für das aufwärts strebende China: Die nach Marktkapitalisierung größte Bank der Welt kommt ab sofort nicht mehr aus dem Land der Mitte, sondern wieder aus den USA. Wells Fargo überholt die ICBC. Branchenexperten können das erklären.
Die chinesische Industrie- und Handelsbank (ICBC) muss den Titel der größten Bank der Welt nach Marktkapitalisierung nach sechs Jahren an eine US-Bank zurückgeben. Die neue Nummer 1 aus der Finanzwelt ist Wells Fargo. Die New Yorker Börse beziffert den Wert der Bank mit Sitz in San Francisco mit 236 Mrd. US-Dollar (178 Mrd. US-Dollar); die ICBC wird nach chinesischen Angaben mit 223 Mrd. US-Dollar bewertet.
Ergattert hatte ICBC den Titel vor sechs Jahren, im Zuge der Finanzkrise, von der US-Bank Citigroup. In China wurde das Ereignis damals als Meilenstein auf Chinas Weg zur wirtschaftlichen Supermacht gefeiert und als Zeichen, dass die Banken in China besser aufgestellt sind, als die von der Subprime-Krise in den USA gebeutelten Häuser.
Ihren höchsten Börsenwert erzielte ICBC - dank des rasanten wirtschaftlichen Wachstums Chinas - im November 2007 mit 374 Mrd. US-Dollar. Inzwischen hat sich einiges geändert: Chinas Wirtschaftswachstum stockt und den Bankensektor plagt eine Geldklemme. Im zweiten Quartal dieses Jahres legte das Bruttoinlandsprodukt (BIP) "nur" noch um 7,5 Prozent zu, nach 7,9 Prozent im ersten Quartal. Im Gesamtjahr 2012 war das chinesische BIP um 7,8 Prozent gestiegen - das war der schlechteste Wert seit 13 Jahren.
Die Konjunktursignale aus den USA deuten derweil auf Erholung hin. Da die Zeiten der Niedrigzinspolitik möglicherweise schon bald beendet sind, laufen US-Bankaktien so gut, wie lange nicht. Die Berichtssaison des zweiten Quartals ist für alle großen amerikanischen Geldinstitute ausgesprochen positiv verlaufen. JP Morgan, Wells Fargo, Citigroup und Goldman Sachs haben allesamt Milliarden verdient. Wells Fargo profitierte in besonderem Maße von der Erholung auf dem Häusermarkt. Die Bank hat sich auf Privatkunden spezialisiert und gilt nach der Übernahme von Wachovia während der Finanzkrise als der größte Kreditgeber für Wohnimmobilien im Land.
Die Risikowahrnehmung habe sich geändert, stellen Fachleute fest: Während die US-Banken gesunden und die Sorgen nachlassen, nehmen die Sorgen um den Gesundheitszustand der chinesischen Banken zu - die einen verlassen den roten Bereich, die anderen treten in den Gefahrenbereich ein. Vor allem die Furcht vor dem weitgehend unregulierten chinesischen Schattenbankensystem wächst. Hier liegen die Einlagenzinsen meist deutlich höher als bei den staatlich regulierten Banken, weswegen die Chinesen ihr Geld oft bei Schattenbanken anlegen. Um die Zinsen zahlen zu können, müssen Banken in der Regel auch höhere Risiken eingehen. Kritiker erinnert die Lage bereits an den Hypotheken-Boom in den USA.
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http://www.valuewalk.com/2013/07/...-positions-in-oracle-wells-fargo/
übersetzung :
http://translate.google.de/...ns-in-oracle-wells-fargo%2F&act=url
Yacktman Asset Management in its second quarter 13F filing reported new long positions in Oracle Corporation (NYSE:ORCL) and Wells Fargo & Co (NYSE:WFC).
Yacktman Asset Management
The asset management company’s 13F filing reveals its portfolio value stood at over $21 billion as of June 30, 2013, as it took fresh exposures in two new stocks, while it added 25 stocks of its existing portfolio of stocks. However, the asset management company sold out positions in three stocks.
Yacktman’s fresh positions
Donald Yacktman’s Yacktman Asset Management took a fresh position in the enterprise software major, Oracle Corporation (NYSE:ORCL) buying 20,061,099 shares representing 2.91 percent of its overall portfolio.
The asset management company also took fresh position in the fourth-biggest U.S. bank, Wells Fargo & Co (NYSE:WFC) buying 4,824,487 shares representing 0.94 percent of its portfolio.
Incidentally legendary investor Warren Buffet has over 458.17 million shares in Wells Fargo & Co (NYSE:WFC). Warren Buffet holds nearly 20 percent of his total portfolio in Wells Fargo.
Yacktman’s top positions
News Corp New CL A COM STK (DE) takes the top position in the asset management company’s overall portfolio as the Donald Yacktman’s company held 72,291,747 shares representing 11.14 percent of its total portfolio.
Consumer packaged goods major The Procter & Gamble Company (NYSE:PG) occupies the second slot as Yacktman Asset Management held 25,393,047 shares representing 9.24 percent of its portfolio.
Yacktman’s third largest holding was in the global food and beverage company, PepsiCo, Inc. (NYSE:PEP), where it held 22,953,521 shares representing 8.87 percent of its portfolio.
Networking major Cisco Systems, Inc. (NASDAQ:CSCO) occupied the fourth position in Yacktman Asset Management’s second quarter as the company held 52,890,691 shares signifying 6.08 percent of its overall portfolio.
Donald Yacktman’s asset management company again reposed bullish tone in the Information Technology space by holding 36,140,945 shares representing 5.90 percent of its portfolio.
Sold out positions
Yacktman Asset Management sold out its entire positions in the diversified media and information services company, News Corp (NASDAQ:NWSA) (NASDAQ:NWS), as it shed 75,774,270 shares representing 11.85 percent of its previous quarter portfolio.
Donald Yacktman’s asset management company sold off its entire position in the money movement and payment services major, The Western Union Company (NYSE:WU) by selling all its 56,400 shares during the second quarter.
Yacktman Asset Management also trimmed its entire portfolio of 80,000 shares during the second quarter in Japan-based global automobile major Toyota Motor Corporation (ADR) (NYSE:TM). It sold off its entire holding in Toyota’s Indus CRP UNSP/ADR during the second quarter.
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