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Here's Why Warren Buffett Loves Wells Fargo

By David Hanson - Apr 5, 2013 at 8:30AM

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Overvalued? Undervalued? This bank is neither but still might be a good stock to buy.

After years of Warren Buffett singing its praises, Wells Fargo (WFC 0.64%) has separated itself from the pack in terms of performance. This hasn't gone unnoticed by the market, as shares trade at a significant premium when compared to its competitors. 

Some investors have begun to hold the notion that Wells Fargo's shares lack upside potential. In this video, Motley Fool banking analyst David Hanson reminds investors that companies don't always have to be at rock-bottom prices to be good buys, and why he thinks Wells Fargo might still thrive. 

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Stocks Mentioned

Wells Fargo & Company Stock Quote
Wells Fargo & Company
WFC
$45.89 (0.64%) $0.29
Bank of America Corporation Stock Quote
Bank of America Corporation
BAC
$37.02 (0.95%) $0.35
Citigroup Inc. Stock Quote
Citigroup Inc.
C
$53.62 (-0.87%) $0.47

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