5 Stocks to Buy Before Interest Rates Rise in March

4. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 94

Wells Fargo & Company (NYSE:WFC) has been increasing its dividend for several years now. This makes this financial stock extremely attractive in the current environment. Morgan Stanley (NYSE:MS) analysts Betsy Graseck and Michael Cyprys named Wells Fargo & Company (NYSE:WFC) in their list of stocks that will gain amid the upcoming rate hikes.

Legendary investor Warren Buffet has a $32 million stake in Wells Fargo & Company (NYSE:WFC) as of the end of the fourth quarter. The Oracle of Omaha has been holding a stake in the bank since 2010.

L1 Capital, an investment management firm, published its ‘L1 Long Short Fund Limited’ fourth quarter 2021 investor letter and mentioned Wells Fargo & Company (NYSE:WFC). Here‘s what the fund said:

“Detailed, bottom-up stock research remains the investment team’s primary focus and the core driver of portfolio performance. 2021 once again demonstrated the team’s ability to identify ‘winners’ through extensive company and industry research across a diverse range of sectors. Key contributors included Wells Fargo, (due to its) improving compliance and operational performance, falling bad debts and progress towards removal of ‘asset cap’. Exited our holding in June at a >50% gain.”