Prior to the open, Wells Fargo (WFC) reported that Q4 earnings beat estimates by $0.01. Revenues were slightly disappointing though highly expected in this slow growing economy. The large financial though trades near 52-week lows due to the market sell off. $WFC, Wells Fargo & Company / 1440 At a market cap of $250 billion, Wells Fargo doesn't provide the best beta to play a market rebound. The bank is exceptionally cheap if '16 EPS estimates of $4.41 hold. The market fears the high credit losses that ticked up to $831 million from $703 million last quarter. The biggest culprit was of course the $90 million increase in losses from the energy loans. The exposure to energy loans remains muted. Along with most banks, Wells Fargo trades as if the Great Recession is going to return providing an opportunity for dip buyers. Disclosure: No position mentioned