Wells Fargo plans to make around 15 buys this year

Wells Fargo, the California listed bank, plans to make around 15 acquisitions this year, reported the San Jose Mercury News. The report, citing comments Wells Fargo chairman Richard Kovacevich made on Bloomberg TV, noted that Kovacevich said the prices of targets have come down enough for Wells Fargo to increase its pace of buys. The report noted that targets will likely be bigger than Wells Fargo's recent buys. Wells Fargo has a market capitalization of USD 102bn.