We're dipping into our large cash pile to buy this bank on Thursday's sell-off

The Club bought more shares of Wells Fargo on Thursday amid a broad market sell-off, adding to a position in a bank it favors for consistent capital returns. The move draws on the portfolio’s large cash reserve, which the Club has been holding in part to buy quality names during volatility. Wells Fargo has been a core holding, and the firm has leaned on buybacks and dividends to support shareholder returns. The purchase underscores the Club’s preference for established financials when markets turn choppy. Investors will watch whether the sell-off deepens and whether the bank sustains its capital-return pace.