Wells Fargo's Cash Bazooka

By David Hanson and Matt Koppenheffer – Dec 12, 2013 at 7:15AM

NYSE: WFC

Wells Fargo

Market Cap

$212B

Today's Change

(-0.03%) -$0.02

Current Price

$59.91

Price as of April 26, 2024, 4:00 p.m. ET

Wells Fargo sees the economy getting better and is ready to deploy its cash.

Wells Fargo (WFC -0.03%) CEO John Stumpf is getting more optimistic. Encouraged by some economic indicators, the banking chief sees moderate growth and has this bank in a strong position to deploy capital at higher interest rates. In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss Stumpf's comments and look at Well Fargo's balance sheet.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Wells Fargo. 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.