Wells Fargo

WFC-N

NYSE:WFC

47.10
0.47 (0.99%)
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
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.
Stan Wong

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Price
$48.850
Owned
Unknown
DON'T BUY
DON'T BUY
August 19, 2019

It had issues with management. The US banking sector has been under pressure from the interest rate side. It is not a sector he is diving into. MS-N has the wealth management part of the business.

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Wells Fargo (WFC-N)
August 19, 2019

It had issues with management. The US banking sector has been under pressure from the interest rate side. It is not a sector he is diving into. MS-N has the wealth management part of the business.

HOLD
HOLD
August 14, 2019
Every bank will struggle in a flat yield curve as they borrow short term and lend long term. They also have other products to help against this. WFC-N has made some mistakes that has gotten them in trouble, but they will need a new CEO to change favour. They hold it and will continue to do so.
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Wells Fargo (WFC-N)
August 14, 2019
Every bank will struggle in a flat yield curve as they borrow short term and lend long term. They also have other products to help against this. WFC-N has made some mistakes that has gotten them in trouble, but they will need a new CEO to change favour. They hold it and will continue to do so.
TOP PICK
TOP PICK
July 3, 2019
He likes that there is still a dark cloud hanging over them -- a contrarian pick. They currently are without a CEO, but that will get resolved in the near future. Yield 3.78% (Analysts’ price target is $51.48)
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Wells Fargo (WFC-N)
July 3, 2019
He likes that there is still a dark cloud hanging over them -- a contrarian pick. They currently are without a CEO, but that will get resolved in the near future. Yield 3.78% (Analysts’ price target is $51.48)
TOP PICK
TOP PICK
July 3, 2019
True, they're under a lot of scrutiny and are looking for a new CEO, but they have an excellent capital position and just passed their stress test. They've raised their dividend and he expects them to raise it by 10%. They just announced 11% stock buybacks. This will support the stock price. They won't get hurt as much by the squeezed margins on the yield curve. (Analysts’ price target is $51.48)
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Wells Fargo (WFC-N)
July 3, 2019
True, they're under a lot of scrutiny and are looking for a new CEO, but they have an excellent capital position and just passed their stress test. They've raised their dividend and he expects them to raise it by 10%. They just announced 11% stock buybacks. This will support the stock price. They won't get hurt as much by the squeezed margins on the yield curve. (Analysts’ price target is $51.48)
COMMENT
COMMENT
June 25, 2019

There continues to be a hangover over the falsification of client records a few years ago for WFC-N. It will go away over time and Warren Buffet still owns his shares. He would tie into a higher yield play. He would lean towards Bank of America.

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Wells Fargo (WFC-N)
June 25, 2019

There continues to be a hangover over the falsification of client records a few years ago for WFC-N. It will go away over time and Warren Buffet still owns his shares. He would tie into a higher yield play. He would lean towards Bank of America.

DON'T BUY
DON'T BUY
June 24, 2019
Don't buy any US stocks for the dividend--you get taxed and suffer currency fluctuation. But he likes US banks because there's growth. That said, he wouldn't buy WFC.
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Wells Fargo (WFC-N)
June 24, 2019
Don't buy any US stocks for the dividend--you get taxed and suffer currency fluctuation. But he likes US banks because there's growth. That said, he wouldn't buy WFC.
HOLD
HOLD
May 22, 2019
Dividend safe? He bought this when it was under temporary trouble last year. It was involved in front running customers and other issues and still do face sanctions. It sells at a discount to other US banks. The dividend is safe, he thinks. Not much downside here.
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Wells Fargo (WFC-N)
May 22, 2019
Dividend safe? He bought this when it was under temporary trouble last year. It was involved in front running customers and other issues and still do face sanctions. It sells at a discount to other US banks. The dividend is safe, he thinks. Not much downside here.
DON'T BUY
DON'T BUY
April 22, 2019
BAC vs. WFC He sold WFC after briefly owning it, after hearing of its corporate malfeasance. Since, then, WF stock price has treaded water. The US Fed did an about-face by saying they will keep rates flat. So, he pared down his US bank holdings including BAC.
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Wells Fargo (WFC-N)
April 22, 2019
BAC vs. WFC He sold WFC after briefly owning it, after hearing of its corporate malfeasance. Since, then, WF stock price has treaded water. The US Fed did an about-face by saying they will keep rates flat. So, he pared down his US bank holdings including BAC.
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