Purchased 292.0560 Shares Wells Fargo Bank

Wells FargoWith 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. The company is due to report its fourth quarter results later this week. 

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. For clarification, this purchase is ex-dividend which exists for holders of record on January 11, 2021. Technically, the Fund is holder of record on January 12, 2021. Act on Knowledge.

Value Investing Episode 1 – Introduction and Membership Program