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Wall Street Bulls Look Optimistic About Wells Fargo (WFC): Should You Buy?
ZACKS· 2025-01-07 15:41
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Wells Fargo (WFC) .Wells Fargo currently has an average brokerage recommen ...
Here's Why Wells Fargo Stock Climbed on Monday
The Motley Fool· 2025-01-06 19:43
The stock market was having a generally strong day to start the week, with the S&P 500 up by about 0.6% as of 2:45 p.m. EST. However, the financial sector was performing significantly better, especially when it comes to the big banks. Wells Fargo (WFC 1.38%) was a particular standout, with shares up by as much as 3% on Monday.A big regulatory move for banksThere isn't a company-specific reason for the strong performance. Instead, the move is being fueled by the announcement that the Federal Reserve's top ba ...
Wells Fargo (WFC) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-01-03 16:10
Wall Street expects a year-over-year increase in earnings on higher revenues when Wells Fargo (WFC) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock ...
Wall Street Analysts Think Wells Fargo (WFC) Is a Good Investment: Is It?
ZACKS· 2024-12-20 15:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Wells Fargo (WFC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Wells Fargo currently has an av ...
Here's Why Wells Fargo (WFC) Fell More Than Broader Market
ZACKS· 2024-12-17 23:51
Wells Fargo (WFC) closed the latest trading day at $70.81, indicating a -1.63% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.39% for the day. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq decreased by 0.32%.Shares of the biggest U.S. mortgage lender witnessed a loss of 2.85% over the previous month, trailing the performance of the Finance sector with its gain of 0.19% and the S&P 500's gain of 3.6%.The inv ...
Wells Fargo Jumps 46.3% YTD: Time to Add the Stock to Your Portfolio?
ZACKS· 2024-12-16 19:00
Shares of Wells Fargo & Company (WFC) have soared 46.3% year-to-date compared with the industry’s rise of 44.4%. The stock has also fared better than its peers, JPMorgan (JPM) and Morgan Stanley (MS) , over the same time frame.Price Performance Image Source: Zacks Investment Research The stock is trading above its 50-day moving average, indicating a bullish sentiment among investors.50-Day Moving Average Image Source: Zacks Investment Research Let us find out the reasons behind WFC’s solid performance this ...
Wells Fargo CEO More Confident in Bank's Compliance Controls
PYMNTS.com· 2024-12-11 19:20
Wells Fargo’s CEO reportedly has more confidence in his bank’s efforts to remedy its compliance issues.Charlie Scharf’s comments, as reported Wednesday (Dec. 11) by Reuters, follow the banking giant’s years-long fake account scandal.“For every one of our consent orders that we have, for every one of our regulatory deliverables, we have extremely detailed plans in place that the regulators have reviewed,” he told the Goldman Sachs Financial Services Conference. “We track our progress at the operating committ ...
Wells Fargo & Company (WFC) Goldman Sachs 2024 U.S. Financial Services Conference
2024-12-11 17:10
Wells Fargo & Company (NYSE:WFC) Goldman Sachs 2024 U.S. Financial Services Conference December 11, 2024 8:40 AM ET Corporate Participants Charlie Scharf - Chief Executive Officer and President Conference Call Participants Richard Ramsden - Goldman Sachs Richard Ramsden Good morning, everybody, and welcome to day two of our 35th Annual Financial Services Conference. It's a pleasure to see you all here, and thank you for joining us. I'm delighted to have Charlie Scharf up next, who is President and CEO of We ...
Wells Fargo & Company (WFC) Goldman Sachs 2024 U.S. Financial Services Conference
Seeking Alpha· 2024-12-11 17:10
Wells Fargo & Company (NYSE:WFC) Goldman Sachs 2024 U.S. Financial Services Conference December 11, 2024 8:40 AM ET Corporate Participants Charlie Scharf - Chief Executive Officer and President Conference Call Participants Richard Ramsden - Goldman Sachs Richard Ramsden Good morning, everybody, and welcome to day two of our 35th Annual Financial Services Conference. It's a pleasure to see you all here, and thank you for joining us. I'm delighted to have Charlie Scharf up next, who is President and CEO of We ...
Opportunity For Wells Fargo Stock If The Asset Cap Is Lifted?
Forbes· 2024-12-11 11:00
Wells Fargo in Washington D.C. in the United States of America, on July 12th, 2024. (Photo by Beata ... [+] Zawrzel/NurPhoto via Getty Images)NurPhoto via Getty ImagesWells Fargo’s stock (NYSE: WFC) has gained close to 51% year-to-date, as compared to the 28% rise in the S&P 500 index over the same period. In comparison, Wells Fargo’s peer, Bank of America (NYSE: BAC), is up 42% year-to-date. So what are some of the factors driving WFC stock higher this year, and what lies ahead for the company?While Wells ...