Historically, tumultuous times offer some of the best opportunities to buy stocks, and the market's current mess surely qualifies. The financial sector is one of the last areas investors are looking to for opportunities, but some still see many reasons to consider buying shares of major bank Wells Fargo
In our Motley Fool CAPS community, 4,156 investors have given a bullish or bearish opinion on Wells Fargo. Poring through the detailed information packed in pitches and other comments, I've dug up three of the top reasons why many members consider the stock a buy today:
1. Strong earnings: Wells Fargo pulled in not-so-surprising strong first-quarter earnings and analysts foresee a healthy second quarter as well. While almost all other stress-tested banks, like Regions Financial
2. Money for cheap: Wells Fargo’s history of accessing low-cost capital, compared to competitors like Citigroup
3. Expanding business: Wells Fargo plans to grow beyond its retail banking roots and into the securities business that it inherited from the acquisition of Wachovia last year. Earnings reports from JPMorgan Chase
Of course, there's a lot more devil in the details of these buy-side opinions, which is why CAPS is such a great resource to check and balance your own analysis. You can read the bullish and bearish sides to every stock. To see what the very best CAPS members are saying now about Wells Fargo, just click on over to Motley Fool CAPS and have a look -- it's all free, and your opinion's welcome, too.
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