Wells Fargo Wins Battle for Wachovia

Earlier today I read that talks between Wells Fargo (WFC) and Citigroup (C) were breaking down over the acquisition of Wachovia (WB) bank. It looks like they completely fell apart tonight according to this AP report.

I am pretty excited about this news, since I bought shares of Wells Fargo last week in part on the thought they would be able to acquire Wachovia. With the acquisition of Wachovia, Wells Fargo will have a massive retail banking footprint in the United States. Wells Fargo will end up with bank branches covering both the West Coast, and now with Wachovia, also the East Coast.

Wells Fargo branches
Wachovia branch coverage
Wachovia coverage

It is likely that I was a bit early buying Wells Fargo last week at $34.85. It might be time for me to consider adding more on Friday or to even pick up WB instead if those shares provide an arbitrage discount. However, so many other stocks are trading very cheaply that I also have to consider other opportunities as well. I’m starting to feel like I’m being pelted with pitches at this point. It’s getting hard to spot which are the fattest pitches.

Disclosure: I own shares of Wells Fargo (WFC). I have no positions in Citigroup (C) or Wachovia (WB).

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


20 mg professionele Cialis


Beste prijs voor 20 mg Cialis


Goedkoopste Cialis 20mg inclusief verzendkosten


Goedkoopste Cialis 20mg Aanbieding


Type Cialis 20 mg


Cialis 20mg Laagste prijs


Cialis 20 mg postorder


Cialis 20 mg tabletten


Cialis kost 20 mg


Cialis dosierung 20 mg


Cialis Professional 20mg pillen


20 mg Cialis snijden


Generika Cialis 20mg


Generika Cialis Soft 20mg


Generika Cialis Soft Tabs 20mg


Vardenafil 20 mg Cialis


Cialis 20 mg, Tadalafil goedkoop kopen


Cialis dosisuren


Goedkope Cialis 20mg pillen


20 mg dosis Cialis recept


Bestel 20mg Cialis goedkoop online