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Non-Tech : WELLS FARGO -- Ignore unavailable to you. Want to Upgrade?

To: Jaime H. Ayalde who wrote (1052)	1/8/1998 6:23:00 PM
From: Barron Von Hymen	Read Replies (1) \| Respond to of 1281

I get a little superstitious when there's just too much bad news out there. Banks and savings & loans continued under pressure today as H.F. Ahmanson (NYSE:AHM - news) , California's biggest thrift, lost another $1 13/16 to $56 1/16. Washington Mutual (Nasdaq:WAMU - news) ticked down $3 13/32 to $57 13/16, and the aptly symboled Charter One Financial (Nasdaq:COFI - news) slid $2 5/8 to $54 1/2. Investors are worrying about the compression of the yield curve, but industry net interest income has grown in all but one or two years over the past 50 years. What has caused problems in the past has been loan losses and imprudent capital allocation, not squiggles in margins. As long as the current flat yield curve doesn't last for a number of quarters and banks don't do anything strange with their hedging strategies, most banks and S&Ls will be adequately hedged to handle the current interest rate environment while profiting from increases in non-interest income provided by accelerated mortgage refinancing activity.

To: Jaime H. Ayalde who wrote (1052)	1/8/1998 6:26:00 PM
From: Jaime H. Ayalde	Respond to of 1281

VECTOR VEST VALUE: WFC has a Value of $211.40 per share. Value is the foundation of the VectorVest system. It is a measure of what a stock is currently worth. Value is based upon earnings, earnings growth rate, dividend payments, dividend growth rate, and financial performance. Current interest and inflation rates also play an important role in the computation of Value. When interest and/or inflation rates decrease, Value goes up. When interest rates and inflation, increase, Value goes down. Sooner or later a stock's Price and Value always converge. My Simple calculation of value stands at $145 * 1.5 =$217.5