WFC-N
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 9
Total Signals / Votes : 14
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
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.
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.
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.
14 stock analysts on Stockchase covered Wells Fargo In the last year. It is a trending stock that is worth watching.
On 2020-07-02, Wells Fargo (WFC-N) stock closed at a price of $25.34.
