Wells Fargo Doesn't Want Other's Junk...Surprised?

Not sure why this is a surprise.

Wells Fargo (WFC) CEO John Stumpf said in an interview with the Financial Times.

Stumpf quashed repeated speculation that Wells, the fifth largest US bank, would take advantage of the collapse in the shares of many rivals to clinch a large deal.

“A large transformational [deal] is highly unlikely. Not impossible, but highly unlikely,” Mr Stumpf said. “We don’t need to do a deal. Organic growth is the core growth engine in this company.”

Market talk has...



Continued at Todd Sullivan's ValuePlays