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 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 ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Investors might want to bet on Wells Fargo (WFC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earni ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?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 average brokerage recommendation ...

U.S. stocks could open on a positive note on Wednesday after the averages maintained a cautious stance on Tuesday. Futures of all three major indices were up on Wednesday, pointing to an optimistic sentiment on Wall Street.This is a day after the S&P 500 closed at another record high, with AI stocks and Apple Inc. AAPL giving the benchmark index a boost. Markets brushed off rising geopolitical tensions across the world, with South Korean President Yoon declaring an emergency and enforcing martial law.Future ...

In the latest trading session, Wells Fargo (WFC) closed at $75.28, marking a -1.17% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.25%. Meanwhile, the Dow experienced a drop of 0.29%, and the technology-dominated Nasdaq saw an increase of 0.97%.Coming into today, shares of the biggest U.S. mortgage lender had gained 17.76% in the past month. In that same time, the Finance sector gained 4.93%, while the S&P 500 gained 3.51%.Market participants will be closely fo ...

Wells Fargo & Company (WFC) is close to the final stages of meeting its regulatory requirements to remove the $1.95 trillion asset cap, which was imposed in 2018 following its fake accounts scandal. This was reported by Reuters on Tuesday, citing sources familiar with the matter.According to the report, the asset cap could be removed in the first half of 2025 provided that the bank resolves its risk management and compliance issues. However, the decision to lift the restriction would still require voting fr ...

In the latest trading session, Wells Fargo (WFC) closed at $76.90, marking a +1.24% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.3%. Elsewhere, the Dow gained 0.99%, while the tech-heavy Nasdaq added 0.27%.The biggest U.S. mortgage lender's stock has climbed by 17.71% in the past month, exceeding the Finance sector's gain of 4.87% and the S&P 500's gain of 2.1%.The upcoming earnings release of Wells Fargo will be of great interest to investors. In that report, a ...

I like the so-called "busted" preferred shares, and Wells Fargo & Company 's (NYSE: WFC ) Series L preferred shares is one of those "busted" preferred shares where it isn't realistic to expect the preferred shares toHe is the leader of the investment group European Small Cap Ideas which offers exclusive access to actionable research on appealing Europe-focused investment opportunities not found elsewhere. The a focus is on high-quality ideas in the small-cap space, with emphasis on capital gains and dividen ...