Time to Buy Wells Fargo Stock?

There are a few factors making it look like it's time to buy Wells Fargo stock...

In an era of big banks drawing federal investigations and big fines, this might surprise you.

But as Money Morning Capital Wave Strategist Shah Gilani pointed out today (Wednesday) on FOX Business' "Varney & Co.," fines aren't a big issue.

"The banks have done very well and I think they pay their fines as if they're just tolls," Gilani said. "Then they go back to doing business as usual."

Shah said of the best bank stocks to buy, Wells Fargo & Co. (NYSE: WFC) is the "safest."

Watch the video below to find out why WFC stock is a buy:

More on Big Banks: Remember when banks used to make it worth your while to deposit cash with them? Heck, maybe you even remember such inducements as free toasters. But in a reprehensible turn of events, now you - the depositor - are about to get toasted...