Mark Batty Fargo Quotations

Wells Fargo looks good. It had strong loan growth, credit quality remains stable, and the mortgage business looks robust despite higher interest rates.

Despite rising rates and competitive products elsewhere, such as money market funds, Wells Fargo posted strong deposit growth.

Clearly, Wells Fargo is one of the better-positioned banks. It is in growth markets, has strong asset quality and profitability metrics and its valuation appears reasonable.