How much would Wells Fargo need to pay off TARP like Bank of America? - Mark Fightmaster

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How much would Wells Fargo need to pay off TARP like Bank of America?
Dec 03, 2009 05:00 PM UTC

Mark Fightmaster

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Via BloggingStocks:

Filed under: Bank of America (BAC), Wells Fargo (WFC)

It seems that the TARP-related news from Bank of America (BAC) Thursday morning has many thinking about how much capital other banks will need to raise in order to pay back taxpayers.

One of those banks that some have speculated about is Wells Fargo (WFC). According to Keefe, Bruyette & Woods (KBW), Wells Fargo may need to raise as much as $34 billion in new capital in order to repay TARP. Fortunately for Wells Fargo, KBW believes that the companies strong pre-provision and pre-tax earnings will help limit how much capital Wells Fargowould have to raise.

Continue reading How much would Wells Fargo need to pay off TARP like Bank of America?

How much would Wells Fargo need to pay off TARP like Bank of America? originally appeared on BloggingStocks on Thu, 03 Dec 2009 12:00:00 EST. Please see our terms for use of feeds.

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