Wells Fargo would certainly like to be avoid being lumped in with Citi and Bank of America in the industry's losers column. It would rather be mentioned in the same breath as JPMorgan Chase, one of the unquestioned winners.

Management has certainly had a lot to crow about recently, even though it has not paid off its TARP loans. But TheStreet.com notes the view of Dick Bove, who suggests there's a growing rift between management and analysts. Bove told clients, "Outsiders believe Wells Fargo is understating its loan problems in the home equity, commercial real estate and credit card arenas, and that there are significant issues related to the valuation techniques it applies to its derivatives portfolio."  

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