Earnings season is back and Wells Fargo (WFC) is set to report on Friday before the opening bell. The options market is pricing in a 4.3% move in either direction. Today, we're looking at selling a cash secured put on Wells Fargo stock to take advantage of the high implied volatility around the earnings announcement.X Cash-Secured Put On Wells Fargo StockA cash-secured put involves selling an at-the-money or out-of-the-money put option. You simultaneously set aside enough cash to buy the stock.The goal is t ...

Wells Fargo & Company (WFC) is scheduled to report first-quarter 2024 results on Apr 12, before the opening bell. The company’s quarterly revenues and earnings are expected to have declined year over year.In the last reported quarter, WFC’s earnings beat the Zacks Consensus Estimate on higher non-interest income. An improvement in capital ratios and a decline in expenses were other positives. However, the decline in net interest income (NII), worsening credit quality and a dip in loan balances were the unde ...

Analysts on Wall Street project that Wells Fargo (WFC) will announce quarterly earnings of $1.08 per share in its forthcoming report, representing a decline of 12.2% year over year. Revenues are projected to reach $20.16 billion, declining 2.7% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.B ...

Wells Fargo (WFC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 12. On t ...

The latest trading session saw Wells Fargo (WFC) ending at $57.13, denoting a -0.38% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.23%.The biggest U.S. mortgage lender's stock has climbed by 1.33% in the past month, falling short of the Finance sector's gain of 2.37% and the S&P 500's gain of 1.5%.Analysts and investors alike will be keeping a close eye on the ...

A Wells Fargo bank office is seen in Washington, D.C., the United States, July 13, 2021. (Photo by ... [+] Liu Jie/Xinhua via Getty Images)Xinhua News Agency via Getty ImagesWells Fargo’s stock (NYSE: WFC) has gained 18% YTD as compared to the 10% rise in the S&P500 index over the same period. Further, at its current price of $58 per share, the stock is trading 3% above its fair value of $56 – Trefis’ estimate for Wells Fargo’s valuation. Amid the current financial backdrop, WFC stock has seen extremely str ...

Wells Fargo (WFC) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this biggest U.S. mortgage lender have returned +8.4% over the past month versus the Zacks S&P 500 composite's +5.3% change. The Zacks Banks - Major Regional industry, to which Wells Fargo & Company belongs, has gained 9.7% over this period. Now the key question is: Where could the stock be headed in the near t ...

Wells Fargo (WFC) closed at $57.30 in the latest trading session, marking a +0.51% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.89%. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq appreciated by 1.25%.Heading into today, shares of the biggest U.S. mortgage lender had gained 10.12% over the past month, outpacing the Finance sector's gain of 3.13% and the S&P 500's gain of 3.56% in that time.Market participants will be closely following the ...

Wells Fargo & Company (WFC) continues to benefit from cost-efficiency initiatives, deposit growth and a solid liquidity profile. However, declining revenues due to business divestitures and volatile fee income are headwinds. Lower loan balance due to asset cap and declining mortgage banking income are other major drags.Wells Fargo continues to build on its deposit base, which witnessed a three-year (ended 2023) compound annual growth rate (CAGR) of 1.1%. A large base of retail clients and a favorable deposi ...

In the latest market close, Wells Fargo (WFC) reached $57.61, with a +0.91% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.12%. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.54%.The biggest U.S. mortgage lender's stock has climbed by 16.7% in the past month, exceeding the Finance sector's gain of 4.07% and the S&P 500's gain of 2.06%.Market participants will be closely following the financial results of Wells Fargo in its upcom ...