Mark Batty Quality Quotations

People are worried about possible net interest margin compression and credit quality deterioration, as well as slowing consumer loan growth.

Wells Fargo looks good. It had strong loan growth, credit quality remains stable, and the mortgage business looks robust despite higher interest rates.

Clearly, Wells Fargo is one of the better-positioned banks. It is in growth markets, has strong asset quality and profitability metrics and its valuation appears reasonable.