One year ago on January 12, 2021, the Value Investment Fund purchased its first tranche of Wells Fargo Bank. At that time, shares were purchased for $33.24. In addition, financial analysis stated that the price per share would recover to about $53 per share within a year assuming the Federal Reserve would lift its growth penalty. Today, the stock surpassed $56 per share. The facilitator for the Value Investment Fund has twice raised the sale price. The first time was back about six months ago whereby it was increased to $58 per share. Most recently, it again was raised to $63 per share.
There are several positive forces that will see the price per share hit $63 prior to mid-year 2022. One, Wells Fargo is expected to report an outstanding 4th quarter for 2021 not only with good revenues, but outstanding profits too. Secondly, in March of this year, the Federal Reserve will raise the interest rates which push the revenues for all banks higher.