Wells Fargo (NYSE:WFC) is a selection for the real-money Inflation-Protected Income Growth portfolio. In this brief video, portfolio manager Chuck Saletta offers three reasons why he's holding on to Wells Fargo stock despite the company's modest gain since he bought it earlier this year.
- Wells Fargo's market price is close enough to Chuck's fair-value estimate to continue holding.
- Wells Fargo's balance sheet is solid, with a 1.2 debt-to-equity ratio.
- Wells Fargo's dividend is well-covered and has room to increase as the company grows.
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Chuck Saletta owns shares of Wells Fargo. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.