Wells Fargo & Company
Wells Fargo & Company has long been called “Buffett’s Favorite Bank.” With a 336+ million share stake that still keeps getting larger and larger, Buffett is putting his money where his mouth is. At $27.40, there is just about 29 percent implied upside to the consensus price target of $35.47. Over the last year, shares have traded in a range of $23.02 to $34.25. The current yield is a mere 0.7 percent, so no one is accumulating wealth via quarterly payouts. The current ‘have vs. have-not’ field in the banking sector may take away some of the upside here, but Wells Fargo is likely one of the banks that will be able to return to paying a higher dividend again when regulators allow it.
(AP Photo/Paul Sakuma)