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Wells Fargo - The Best Big U.S. Bank Dividend Stock
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Published Fri, 08 Jun 2012 15:30:00 -0400 on Seeking Alpha
Are any of the US big bank dividend stocks worth checking out? Given the ongoing housing bust fallout, Wells Fargo, (WFC), has surprisingly achieved modest, but steady earnings growth over the past 5 years. Thanks to some banks who had very weak Q1 2011 comps, this industry had a huge 59% growth surge. WFC had respectable EPS growth in the 1st quarter of 2012, and is also estimated to outperform its peers over the next 5 years: WFC actually looks undervalued on a Price-to-Earnings-Growth, PEG basis, with projected growth of over 16% in 2012, and over 12% in 2013: (click to enlarge) Here's how WFC stacks up vs. the 3 other biggest US banks - JP Morgan Chase, (JPM), Citigroup, (C), and Bank of America, (BAC). WFC leads the pack in return on equity, return on capital invested, operating margin, interest coverage, and has the lowest debt/equity. The picture isn't... Read more


