This past week, the Value Investment Fund grew 2.7% reaching a new all time high at $148,147 off a $100,000 investment 25 weeks ago.
This past week, the banking pool propelled the fund higher with its 5% growth during the week. Wells Fargo and Bank of New York released their financial results from the first quarter. Wells Fargo’s 1st quarter results surpassed even the most optimistic expectations with earnings of $4.7 Billion on $18.1 Billion of revenue (26%). This stock is poised to explode once the Federal Reserve releases its cap on the volume of assets Wells Fargo is allowed to have on its balance sheet. The fund facilitator is adjusting its expected recovery price by $2 to $55 and expects this market price during the first quarter of 2022.