Banking Pool

This pool of potential investments includes traditional banks from the largest bank in the United States, JPMorgan Chase, to a regional bank, Fifth Third Bancorp. There are many unique financial dynamics to properly evaluate a bank’s intrinsic value and determine buy and respective sell points.

Purchased 292.0560 Shares Wells Fargo Bank

Wells Fargo

With a tangible book value of approximately $33 per share and a current market price of $33.24 per share, the Banking Pool diversified its portfolio and purchased 292.056 shares of Wells Fargo Bank this morning.

Including a transaction fee of $1 per share, the total investment is $10,000. The market recovery price is set to $53.00 per share and it is anticipated this will be achieved within 18 months.

Purchased 292.0560 Shares Wells Fargo Bank Read More »

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