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  • Writer's pictureIshfaaq Peerally

Not The Nicest Bank Anymore: Analysis of Wells Fargo (NYSE:WFC)

"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."

- Warren Buffett

Wells Fargo has long been known as the nicest of the big banks. Headquartered in California, the bank is far from Wall Street and all its scandals. However, in 2016, Wells Fargo was hit by a scandal which ruined its reputation. The bank has since been struggling. What does this mean for the intelligent investor? Is it a sign of a stock available for a discount?

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