Still, over the last five years the company has been the most adventuresome--at least by number of exploratory wells drilled--of the Big Five.
Five wells drilled in the 1970s turned out to be dry, as was a sixth in 2000.
In the five years through 2004 the firm successfully completed 43 of the 57 exploration wells that it drilled.
The size of the market awakens our greed but fear also comes into play because experience tells us that many, perhaps most, of these drugs will look like dry wells from the perspective of five years hence.
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BofA, Citi, JPMorgan, Wells Fargo and Ally Financial were the five parties to the deal with the Justice Department, HUD and state attorneys general, and all appear to have sufficiently reserved for their portion of the settlement.
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And what about Wells Fargo, which is among the top five banks and has doubled its deposit market share since the financial crisis but does not have significant capital markets exposure?
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Wells Fargo also ranked first in the top-five brands in the banking category in our CLEI.
Wells' five-year-old investment pool is in the vanguard of a new trend, "private REITs, " whose shares aren't traded on exchanges.
Attorney General Eric Schneiderman has notified the national monitoring committee established to enforce the five-bank agreement, citing complaints of 210 prompt-processing violations by Wells Fargo and 129 by Bank of America.
Wells Fargo ( WFC) and Citigroup ( C) round out the top five holdings of the PowerShares Dynamic Banking Portfolio ETF.
He said pollution from old mines and wells was a common problem long before the recent gas drilling boom, which began about five years ago, adding that the situation is more complicated than many outsiders realize.
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