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Wells Fargo (WFC-N)
NYSE:WFC
45.15
0.56
(1.26%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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$42.920
No
Lots of ethical problems, under strict regulatory scrutiny, which holds back earnings and dividend growth. She got out when those problems started, not tempted to return. Sell, and look to JPM or MDLZ.
The CEO has steered a great turnaround their last report was great. He just added more shares. Banks are slumping, but they're slumping as a group. Don't give up on them.
The stock fell given misleading clients, but that's in the past. A different company now. A cheap stock and expects good earnings to come. A large money center bank now, but lacks the scale to compete with peers like JPM or BAC, both of which he prefers.
Bank earnings start on Friday, and he expects a good report, but the market will yawn.
Banks reported their Q2 today, but the reaction to Wells is so-so, muted. Office real estate is weak and the CEO talking about the regulatory environment tightening--you must be concerned about these.
She bought more today upon WF's positive quarter. WF reiterated their net interest income, but that doesn't look as positive as JPM's comments today, so it's silly the market is reacting this way. 17% total revenue growth and 45% net interest income up 45% YOY. All capital levels are good and reinstated share buybacks. EPS and revenue beats. None-interest income is -13% YOY. Trades at 0.9x book, better than JPM's.
He expects a strong report. They had a nice upgrade today. Good loan loss reserves and they have a safe bond portfolio.
Financial sector seeing pressure since Silicon Valley Bank collapse.
Trading at discount to book value.
Will continue to own shares and has been buying more.
~3.2% dividend yield with a 7-8x P/E ration.
Very diversified business operations with many revenue streams.
He prefers the large central banks. He feels that depositors will pull money out of regional banks and place it in the large mega banks even at lower rates.. This could lead to more centralization of the banks in the U.S.
Still working out regulatory issues on selling practices.
Constrained on how fast can grow balance sheet.
Would prefer shares in JP Morgan.
Would look elsewhere in the sector.
Wells Fargo(WFC-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 8
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 5
Total Signals / Votes : 13
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, 13 stock analysts published opinions about WFC-N. 8 analysts recommended to BUY the stock. 5 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?
13 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 2023-12-01, Wells Fargo (WFC-N) stock closed at a price of $45.15.
Better options in banking sector (JP Morgan/Bank of America). If suffered losses, can sell and move on. Outlook for business not as good as other names. Not as well managed.