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Navigating Market Uncertainty: Intrinsic Value of Wells Fargo & Co
GuruFocus· 2024-10-03 11:00
Core Insights - The intrinsic value of Wells Fargo & Co, calculated using the Discounted Earnings model, is $60.80, while its current trading price is $55.3, indicating a margin of safety of 9.05% and suggesting the company is fairly valued [1] DCF Model Overview - The GuruFocus DCF calculator employs a two-stage model consisting of a Growth Stage and a Terminal Stage, reflecting the company's growth dynamics [1] - The Growth Stage assumes a growth rate of -2.40% over 10 years, while the Terminal Stage assumes a growth rate of 4% for another 10 years [3] Assumptions and Calculations - The EPS without NRI is set at $4.87, and the discount rate is calculated at 10%, derived from the risk-free rate of 4% plus a 6% risk premium [2][3] - The Growth Stage value is calculated to be $26.74, and the Terminal Stage value is $10.96, leading to the total intrinsic value of $60.80 [4] Alternative Valuation - Using the traditional DCF model based on Free Cash Flow, the intrinsic value is calculated at $220.60, indicating that Wells Fargo & Co is significantly undervalued with a margin of safety of 74.93% [5]
Wells Fargo & Company: Assessment of Digital Transformation Strategies, Innovation Programs, Technology Initiatives, ICT Budgets, Major ICT Contracts & More
GlobeNewswire News Room· 2024-10-01 16:04
Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Wells Fargo & Company 2024" company profile has been added to ResearchAndMarkets.com's offering. The report provides insights into Wells Fargo & Company's tech activities, including its digital transformation strategies, its innovation programs, and its technology initiatives. The report provides information and insights into Wells Fargo's tech activities, including: Insights of its digital transformation strategies and innova ...
Is Most-Watched Stock Wells Fargo & Company (WFC) Worth Betting on Now?
ZACKS· 2024-10-01 14:05
Wells Fargo (WFC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this biggest U.S. mortgage lender have returned -3.4% over the past month versus the Zacks S&P 500 composite's +2.2% change. The Zacks Banks - Major Regional industry, to which Wells Fargo belongs, has lost 3.4% over this period. Now the key question is: Where could the stock be headed in t ...
Wells Fargo: A Stable Dividend Payer With Growth In Fees-Driven Segments
Seeking Alpha· 2024-10-01 00:10
This is the official page of Croatian-American media personality Albert Anthony. Since 2023 he has been a contributor to global financial media portal Seeking Alpha, reaching +1MM investors worldwide & his content often averaging +25,000 views monthly. As an independent contributor, his content on the Seeking Alpha portal provides curated analysis of stocks trading on major US exchanges, with a strong focus on the financials and tech sector, and building a diversified dividend income portfolio, but also a f ...
Wells Fargo (WFC) Soars 5.2%: Is Further Upside Left in the Stock?
ZACKS· 2024-09-27 19:26
Wells Fargo (WFC) shares soared 5.2% in the last trading session to close at $56.39. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.1% loss over the past four weeks.The company witnessed a strong price increase as its longstanding battle to escape a Federal Reserve restriction imposed on its assets since 2018 has entered a new phase. The bank has submitted a third-party review of its risk and control overhauls to the Fed for s ...
WFC Stock Up 5.2% on Submission of Review to Fed for Lifting Asset Cap
ZACKS· 2024-09-27 16:35
Wells Fargo & Co.'s (WFC) longstanding battle to escape a Federal Reserve restriction imposed on its assets since 2018 entered a new phase. The bank submitted a third-party review of its risk and control overhauls to the Fed for scrutiny and approval, per a Bloomberg report, citing people familiar with the matter.Following the news, WFC’s shares rose 5.2% in yesterday’s trading session.The latest submission follows an extensive and time-consuming procedure during which Wells Fargo had to present a plan, hav ...
WFC Faces Lawsuit Over Interest Rates on Cash Sweep Accounts
ZACKS· 2024-09-27 15:51
Wells Fargo & Company (WFC) faces a new class-action lawsuit, where it has been accused of underpaying interest to clients participating in its cash sweep program. Sweep programs were created to allow banks and brokers to put their customers' uninvested cash to work. They move excess client cash balances overnight into a money market fund or another higher-yielding product offered by a bank or affiliate bank.Details of WFC’s Cash Sweep Accounts LawsuitThe plaintiff, Darren Cobb, alleged that Wells Fargo bre ...
Report: Wells Fargo Submits Third-Party Review to Federal Reserve
PYMNTS.com· 2024-09-26 19:31
Wells Fargo reportedly submitted a third-party review of its risk and control overhauls to the Federal Reserve, seeking to end the Fed’s cap on its assets.The cap, which limits the bank to its size at the end of 2017, was imposed by the Fed as punishment for consumer abuses and compliance lapses at Wells Fargo at the time, Bloomberg reported Thursday (Sept. 26).The submission of the third-party review marks a new phase in the bank’s efforts to have the cap removed, the report said, citing unnamed sources.Re ...
Wells Fargo (WFC) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-09-25 22:50
In the latest market close, Wells Fargo (WFC) reached $53.61, with a -1.02% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.19%. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw an increase of 0.04%.Coming into today, shares of the biggest U.S. mortgage lender had lost 3.73% in the past month. In that same time, the Finance sector gained 1.52%, while the S&P 500 gained 1.95%.The investment community will be paying ...
Wells Fargo Introduces New APIs for Commercial Banking Clients
ZACKS· 2024-09-18 17:16
Wells Fargo & Company (WFC) expanded its Application Programming Interfaces (APIs) portfolio with the launch of specialized APIs for its Commercial Banking clients. Manufacturers, distributors and dealers can use Wells Fargo's API platform to connect directly from their preferred system. This automated setup permits effortless data transfer among trading partners, reducing delays in sending and receiving information. Customers do not have to input data, upload it to the server, or download it anymore, they ...