Wells Fargo Hits 52-Week High: Is WFC Stock Worth Considering?

Wells Fargo & Company (WFC) shares touched a 52-week high of $74.41 on Friday. The stock closed the session a little lower at $74.34, gaining 31.7% in the past three months.The stock has outperformed the industry and its peers like Bank of America Corporation (BAC) and Citigroup Inc. (C) in the same time frame.Three-Months Price Performance ChartImage Source: Zacks Investment ResearchA major factor for this upward movement of WFC stock can be attributed to the Federal Reserve’s recent interest rate cut, whi ...