Buy, Sell or Hold: Wells Fargo (WFC-N) — Stock Predictions at Stockchase

NYSE:WFC

50.12

0.69 (1.39%) 1d

Showing 1 to 15 of 305 entries

BUY

It's the worst of the big banks, but he owns this because it's a turnaround story. It trades cheaply. Shares jumped nearly 7% today. The CEO is turning it around.

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BUY on WEAKNESS

They report Thursday. WF numbers won't be as bad as they used to be. The banks have had a huge run-up, but are still behind the overall market's PE. If this gets hit week, he will buy more.

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SELL

Low interest rate is challenging. Stock's had a good run. Take profits. Economy slowing. Not right time of the cycle to be aggressive with your bank positions. Their bread and butter is lending, and the Fed has capped their loan book as a penalty. Look elsewhere.

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WEAK BUY

A cautious buy, given the regulatory overhang which throws up too much of a grey area.

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HOLD

It's the worst among the US banks and he wonders why Warren Buffet held onto this for so long. These days, it's a turnaround story, and he believes in the current CEO. He's bought back a lot of stock and gotten new board members. He expects this to return to the high-$50s. Otherwise, hold on.

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DON'T BUY

In the penalty box for a number of years due to regulatory issues. He prefers other banks.

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BUY

It's a textbook turnaround story and a cheap stock. All the banks were up a lot this year. They delivered good numbers, and yet still sold during last week's earnings reports. An investment bank enjoying a booming IPO and M&A businesses, even as their trading business fell off in recent months. Wells shares are up 45% YTD. They reported a massive earnings and sales beat, boosted by a one-off $1.6 billion reserve release. WF actually missed net interest income and reported lower loan balances YOY. Their efficiency ratio came in at 66%. The CEO is just getting started on cutting costs. Last week, WF says it will buy back a lot more shares. Buy, especially at $43.

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COMMENT

They report Wednesday. next week. It's a turnaround story. If the CEO tells a good story about the turn, then the stock could make new highs this year.

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DON'T BUY

She owned Wells Fargo years ago until problems with their sales practices arose. That's now behind them, but WF lost momentum and they need to prove to investors that they can gain market share.

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COMMENT

A turnaround play. The big catalyst that is coming up is the restrictions put on the company. It should come off later in the year. CitiGroup is also another good choice. They can increase their dividends and start buybacks once rules change.

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BUY

Buy more. The CEO is solid. This is the cheapest American bank.

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BUY

US banks are great, one of the top performing industries in the S&P. WFC has a great valuation, trading around book value, and it didn't do that great in 2020.

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BUY

Economic activity is pushing up long-term rates as the Fed restrains long-term rates. This results in a rising yield curve, which swells the bottom line of banks. WFC is the cheapest of the banks. Good CEO, too.

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DON'T BUY

Have avoided it and owns other US banks. They are still dealing with their scandal and related issues which continue to dog the company. Surprised that the company hasn't moved on faster from these issues to rebuild earnings. They have cut dividends when peers have raised them. There is no question they will turnaround, the question is when.

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TOP PICK

Outlook on banks has become quite bullish. Vaccine rollout, fiscal stimulus, steepening yield curve. Loan demand should climb, and loan defaults should shrink. Should see more share buybacks and higher dividends. Trades below tangible book value. New management is focusing on moving past legal troubles. Yield is 1.18%. (Analysts’ price target is $35.27)

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Showing 1 to 15 of 305 entries

Wells Fargo(WFC-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 8

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 15

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, 15 stock analysts published opinions about WFC-N. 8 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

15 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 2021-10-19, Wells Fargo (WFC-N) stock closed at a price of $50.115.

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