Wells Fargo

WFC-N

NYSE:WFC

25.34
0.25 (1.00%)
Wells Fargo & Company is an American international banking and financial services holding company headquartered in San Francisco, California, with "hubquarters" throughout the country.
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Analysis and Opinions about WFC-N

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 26, 2020
He does not own this one. It trades at about 0.6 times book value and has a great dividend. The market is telling you there are issues. Their sales methodology is a key concern. They are on the road to recovery. Retail banking will be tough as margins will be squeezed in a flat yield curve world. They also don't have the diversification of a larger global player. They are mostly a commercial retail bank. He doubts they will be able to grow organically like the other big US banks. Yield 7.8%
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Wells Fargo (WFC-N)
June 26, 2020
He does not own this one. It trades at about 0.6 times book value and has a great dividend. The market is telling you there are issues. Their sales methodology is a key concern. They are on the road to recovery. Retail banking will be tough as margins will be squeezed in a flat yield curve world. They also don't have the diversification of a larger global player. They are mostly a commercial retail bank. He doubts they will be able to grow organically like the other big US banks. Yield 7.8%
DON'T BUY
DON'T BUY
May 14, 2020

The very big picture is that we are around generational lows in interest rates. Coming out of this you may see the long end of the bond market selloff and this is good for banks. In terms of solvency issues coming out of COVID that would be a real risk. He bought two others as the market made a turn. In the last two weeks the banks gave up their gains. He is personally short WFC-N. It is now well below the lows. He believes the markets will correct but be careful of buying the weakest bank in the sector. JPM-N or C-N would be preferred to watch.

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Wells Fargo (WFC-N)
May 14, 2020

The very big picture is that we are around generational lows in interest rates. Coming out of this you may see the long end of the bond market selloff and this is good for banks. In terms of solvency issues coming out of COVID that would be a real risk. He bought two others as the market made a turn. In the last two weeks the banks gave up their gains. He is personally short WFC-N. It is now well below the lows. He believes the markets will correct but be careful of buying the weakest bank in the sector. JPM-N or C-N would be preferred to watch.

DON'T BUY
DON'T BUY
May 8, 2020
They did not have a good Q1 in earnings. Scandals are still hurting them. He questions how it is being managed. He would wait for better news. There are better US banks out there. Yield 8%
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They did not have a good Q1 in earnings. Scandals are still hurting them. He questions how it is being managed. He would wait for better news. There are better US banks out there. Yield 8%
BUY WEAKNESS
BUY WEAKNESS
March 12, 2020
All banks are down. This one is down 42% so far this year and could possibly go further. In the long term it is a bank that will continue to survive. Interest rates are going so low that they can't make a spread on the money they loan out. Banks are much better capitalized and in far better shape than in the financial crisis. It's going to hurt but you will look back in 5 years and say this was an opportunity.
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Wells Fargo (WFC-N)
March 12, 2020
All banks are down. This one is down 42% so far this year and could possibly go further. In the long term it is a bank that will continue to survive. Interest rates are going so low that they can't make a spread on the money they loan out. Banks are much better capitalized and in far better shape than in the financial crisis. It's going to hurt but you will look back in 5 years and say this was an opportunity.
COMMENT
COMMENT
February 14, 2020

Wells Fargo has gone nowhere. There has been poorly managed but they have a new CEO. However, he looks for companies with good organic revenue growth that are not in the penalty box that delivers on growth. He prefers JP Morgan. They keep growing earnings, raising dividends and has a good balance sheet.

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Wells Fargo (WFC-N)
February 14, 2020

Wells Fargo has gone nowhere. There has been poorly managed but they have a new CEO. However, he looks for companies with good organic revenue growth that are not in the penalty box that delivers on growth. He prefers JP Morgan. They keep growing earnings, raising dividends and has a good balance sheet.

DON'T BUY
DON'T BUY
February 12, 2020

It's fighting structural problems and cultural issues. He'd buy its peers instead. WFC is losing good employees. Look at JPM, the leader in this group.

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Wells Fargo (WFC-N)
February 12, 2020

It's fighting structural problems and cultural issues. He'd buy its peers instead. WFC is losing good employees. Look at JPM, the leader in this group.

DON'T BUY
DON'T BUY
February 4, 2020

They have a lot of baggage from scandals that hurt the stock. They've lost a lot of trust with American consumers. Buy the best, JPM, instead.

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Wells Fargo (WFC-N)
February 4, 2020

They have a lot of baggage from scandals that hurt the stock. They've lost a lot of trust with American consumers. Buy the best, JPM, instead.

DON'T BUY
DON'T BUY
January 30, 2020

WFC vs. BAC Trading at same valuation. WFC yield is a bit higher, but has more scandals which continue to hurt their brand. Missed earnings, and missed 8 of last 12 quarters. BAC is more diversified in capital markets. BAC has beaten 12 of last 12 quarters. BAC has outperformed WFC since 2011.

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Wells Fargo (WFC-N)
January 30, 2020

WFC vs. BAC Trading at same valuation. WFC yield is a bit higher, but has more scandals which continue to hurt their brand. Missed earnings, and missed 8 of last 12 quarters. BAC is more diversified in capital markets. BAC has beaten 12 of last 12 quarters. BAC has outperformed WFC since 2011.

WEAK BUY
WEAK BUY
January 20, 2020
If you have to hold a bank, this is relatively well positioned. Buffet is a massive holder of this one. He does not follow any of the Canadian banks. WFC-T is probably one of the better banks in the US.
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Wells Fargo (WFC-N)
January 20, 2020
If you have to hold a bank, this is relatively well positioned. Buffet is a massive holder of this one. He does not follow any of the Canadian banks. WFC-T is probably one of the better banks in the US.
DON'T BUY
DON'T BUY
November 21, 2019
WFC vs. BAC A lot of banks have started to perform. Doesn't own either of these. Both have same price to book. WFC has a slightly higher dividend yield of 3.8%, whereas BAC is 2.2%. The fraudulent accounts scandal is still hurting the WFC brand. WFC revenue relies heavily on the yield curve. He prefers BAC, as they're a little more diversified with their capital markets division.
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Wells Fargo (WFC-N)
November 21, 2019
WFC vs. BAC A lot of banks have started to perform. Doesn't own either of these. Both have same price to book. WFC has a slightly higher dividend yield of 3.8%, whereas BAC is 2.2%. The fraudulent accounts scandal is still hurting the WFC brand. WFC revenue relies heavily on the yield curve. He prefers BAC, as they're a little more diversified with their capital markets division.
PAST TOP PICK
PAST TOP PICK
November 8, 2019
(A Top Pick Nov 08/18, Up 5%) He bought this as the company has been under pressure following issues with their customers. They finally hired a new CEO, who was accepted by the market. There have been growth constraints placed on them by regulators and now they seem to be getting their act together. It is starting to follow the other US banks. He is happy to continue to hold.
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Wells Fargo (WFC-N)
November 8, 2019
(A Top Pick Nov 08/18, Up 5%) He bought this as the company has been under pressure following issues with their customers. They finally hired a new CEO, who was accepted by the market. There have been growth constraints placed on them by regulators and now they seem to be getting their act together. It is starting to follow the other US banks. He is happy to continue to hold.
COMMENT
COMMENT
October 18, 2019

Not a fan of the US financials because interest rates are going lower. They're buying treasuries and loan books are down. They're getting squeezed in the margins. JP Morgan and Citi beat expectations since it's been a pretty good year for the stock market.

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Wells Fargo (WFC-N)
October 18, 2019

Not a fan of the US financials because interest rates are going lower. They're buying treasuries and loan books are down. They're getting squeezed in the margins. JP Morgan and Citi beat expectations since it's been a pretty good year for the stock market.

HOLD
HOLD
October 15, 2019

He owns Citi instead. His model price is $45.84, above the current stock price. JP Morgan is the best in this space. Continue to hold WFC. This will continue sideways.

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Wells Fargo (WFC-N)
October 15, 2019

He owns Citi instead. His model price is $45.84, above the current stock price. JP Morgan is the best in this space. Continue to hold WFC. This will continue sideways.

TOP PICK
TOP PICK
October 7, 2019
It is a money-centered, large bank in the US. It was an amazing bank but in recent years they got caught cross selling things to people that they should not have. They had a change in management. He hopes earnings growth will start again under this new management. (Analysts’ price target is $49.80)
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Wells Fargo (WFC-N)
October 7, 2019
It is a money-centered, large bank in the US. It was an amazing bank but in recent years they got caught cross selling things to people that they should not have. They had a change in management. He hopes earnings growth will start again under this new management. (Analysts’ price target is $49.80)
DON'T BUY
DON'T BUY
September 11, 2019
US banks have popped in last few days. He's underweight US banks. Still reeling from accounting scandal. Technicals are weak. Barely above the 200-day moving average. Flattening yield curve affecting it negatively. Net interest margins are weak. Value play, dividend is nice. Growth and total return weak.
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Wells Fargo (WFC-N)
September 11, 2019
US banks have popped in last few days. He's underweight US banks. Still reeling from accounting scandal. Technicals are weak. Barely above the 200-day moving average. Flattening yield curve affecting it negatively. Net interest margins are weak. Value play, dividend is nice. Growth and total return weak.
Showing 1 to 15 of 284 entries

Wells Fargo(WFC-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 9

Total Signals / Votes : 14

Stockchase rating for Wells Fargo is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Wells Fargo(WFC-N) Frequently Asked Questions

What is Wells Fargo stock symbol?

Wells Fargo is a American stock, trading under the symbol WFC-N on the New York Stock Exchange (WFC). It is usually referred to as NYSE:WFC or WFC-N

Is Wells Fargo a buy or a sell?

In the last year, 14 stock analysts published opinions about WFC-N. 3 analysts recommended to BUY the stock. 9 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Wells Fargo.

Is Wells Fargo a good investment or a top pick?

Wells Fargo was recommended as a Top Pick by Paul Harris, CFA on 2020-06-26. Read the latest stock experts ratings for Wells Fargo.

Why is Wells Fargo stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Wells Fargo worth watching?

14 stock analysts on Stockchase covered Wells Fargo In the last year. It is a trending stock that is worth watching.

What is Wells Fargo stock price?

On 2020-07-02, Wells Fargo (WFC-N) stock closed at a price of $25.34.