HoldCo Asset Management says be long Wells Fargo, short U.S. Bancorp

HoldCo Asset Management, which says it was founded in 2011 by Vik Ghei and Misha Zaitzeff and has $1.2B regulatory assets under management, or "AUM," as of March 31, has released a report in which it lays out its thesis to be long shares of Wells Fargo (WFC) and short U.S. Bancorp (USB). The firm does not believe "that USB’s ‘special treatment’ relationship with the Fed will continue" and argues that the bank’s "current dividend and stock repurchase aspirations should be eliminated immediately." HoldCo adds in its report that it has made publicly available: "We believe USB pretends that its capital levels are unaffected by its soon-to-be Category II status and deliberately confuses the public into believing that share buybacks are about to begin anew." Reference Link