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Wells Fargo (WFC-N)
NYSE:WFC
41.24
1.18
(2.95%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
$39.820
Owned
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 : 5 out of 5
Bullish - Buy Signals / Votes : 13
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 16
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, 16 stock analysts published opinions about WFC-N. 13 analysts recommended to BUY the stock. 2 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?
16 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 2023-06-02, Wells Fargo (WFC-N) stock closed at a price of $41.24.
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.