Financials: 1 Bank Stock to Watch in 2021
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 4 January 2021
⏱️ 28 minutes
🧾️ Download transcript
Summary
Wells Fargo (NYSE: WFC) has underperformed the financial sector for years, and for good reasons. From its numerous scandals to the asset-cap penalty that prevents the bank from growing, Wells Fargo was hurting before the pandemic. And as the only big bank without a large investment banking operation to help offset the negative effects of the COVID-19 pandemic, Wells Fargo got hit harder than most in 2020. But on this week's installment of Industry Focus: Financials, Fool.com contributor Matt Frankel, CFP, tells host Jason Moser why he thinks this could be a great value investment as we head into the New Year.
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Transcript
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| 0:00.0 | Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day. |
| 0:11.0 | I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seidful. I'm |
| 0:14.7 | Dylan Lewis. And today we're talking financials. Today we're talking |
| 0:18.2 | consumer goods. Wild-Carp! Wednesday. And we're talking energy. and today we're talking tech. |
| 0:24.0 | Let's dive in. |
| 0:27.0 | It's Monday, January 4th. |
| 0:29.0 | I'm your host, Jason Moser. |
| 0:30.0 | We're kicking off a theme week here on industry focus this year the first week of |
| 0:34.8 | 2021 it's our top stocks for 2021. Our guests throughout the week will be |
| 0:40.2 | offering up a stock they like for the coming year in the show's respective market or industry. |
| 0:45.7 | And we'll dig into why. |
| 0:47.3 | Kicking it off for our financial show this week, certified financial planner. |
| 0:52.2 | It's Mr. Matt, |
| 0:53.0 | Happy New Year. |
| 0:54.0 | Hey Jason, how are you? |
| 0:56.0 | I'm doing well. |
| 0:57.0 | How about yourself? |
| 0:58.0 | Pretty good. |
| 0:59.0 | It was a busy but nice new year. |
| 1:01.0 | Hopefully you got a chance to relax because I feel like I did nothing |
| 1:04.5 | to run after kids but we had a great time and day at a fantastic time. Yeah well I |
| 1:08.3 | mean that's that's that's that's that's that's that's holidays with the family |
... |
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