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Non-Tech : NORWEST Banks.....
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To: John Lee who wrote (10)8/13/1998 2:43:00 PM
From: David C. Burns   of 33
 
Significant Factors in my view:

1) Merger with Wells,Fargo expands franchise
2) Kovacevich in charge of combination
3) NOB Record earnings latest quarter
4) Recent dividend increase
5) 10MM share stock repurchase underway
6) 10% annual growth on NOB side, 7% on WFC side
7) very favorable interest rate environment and trend - headed for the lowest rates in a couple decades.
8) fundamental value of stock around $48.00 pre-merger
9) baby boomer savings rate on the increase
10) WFC 2Q98 earnings increase year over year
Somebody else will have to say what the negatives are, if they can think of any.
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