Wells Fargo: Too Big To Succeed?

``According to Chappell, the $271 billion Wells Fargo is now so large there is no easy way for the company to differentiate itself from rival banks. As a result, the company may be destined for industry-average ROE of around 10 percent (see Chappell's track record here). Unfortunately for shareholders, at 1.75 times tangible book value, Wells Fargo is currently priced at a significant premium to its banking peers.''