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.
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.
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.
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 3
Bearish - Sell Signals / Votes : 8
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. 8 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY on WEAKNESS. Read the latest stock experts' ratings for Wells Fargo.
Wells Fargo was recommended as a Top Pick by Norman Levine on 2020-03-12. 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 2020-04-09, Wells Fargo (WFC-N) stock closed at a price of $33.2.
