Public scandals often resemble Kabuki theater, the stylized Japanese drama in which performers sing and dance in elaborate make-up.
The latest corporate villain in the media spotlight is Wells Fargo (WFC) , the nation’s third-largest bank by assets.
Make no mistake: The scandal swirling around Wells Fargo is serious, and the bank deserves its opprobrium. But when a company is getting pilloried in the public stockade, investors should look past the platitudes of politicians and focus on the inherent strengths.
