Could it be? Did I just change my go-to financial stock from Bank of America (BAC) to Wells Fargo (WFC)?
If the most recent earning carousel just taught us anything is that Bank of America is still unclear of where it is going and well… Wells Fargo is just not as clueless.
In a battle of who is sucking the worse, in due time the financials will have their time to shine and it seems like Wells Fargo is following the slow and steady race while all other banks are trying to manifest success overnight.
Shifting all the numbers and thoughts to the side, the chart shows Wells Fargo is poised to move higher. I’d continue buying on further strength.
Look inside my charting skills.
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