End of Q3 is the time to buy Wells Fargo

Wells Fargo (WFC) is one of the most attractive options in the financial industry. Current shareholders should hold long-term, and interested investors may look toward the third quarter's end as an opportune time to buy. The combination of additional quantitative easing and management's projection for a 17 basis point reduction in net interest margin may bring Wells Fargo's stock down slightly. At its current rate, Wells Fargo has favorable metrics, an adequate dividend and a history of better risk management compared to most major banks. Wells Fargo is benefiting from its market share in the mortgage industry while it improves its underwriting and investment banking portfolio as well.