January 22, 2013 Comments

Today we had Bank of America up 1.9%, Melcor up 1.6% to $19.75.

CN fell about 1% despite a dividend increase and good earnings released today. I am tempted to buy some CN. It does not look particularly cheap but I am attracted to the quality of its business.

Wells Fargo announced, after the close, that it was increasing its dividend by 14%. And apparently is is hoping to increase the dividend again in 2013 pending permission of the Fed. This bodes well for Wells Fargo and for other banks as well.


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