Wells Fargo has been growing nicely in a tough environment for banks and will fare even better when interest rates normalize, said Ryan Kelley, portfolio manager for the Hennessy Large Cap Financial Fund. Kelley estimates that Wells Fargo will be able to add approximately 25% to its earnings per share in a normal interest rate environment. He is also bullish on Visa, saying the credit card giant will benefit from increased spending due to lower gas prices and higher wages. Finally, Kelley is positive on BankUnited, saying the Florida-based bank will be successful in its New York expansion plans.
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