Wells Fargo & Company (WFC) Stock Analysis

Core Viewpoint - Wells Fargo's stock has shown resilience despite a downgrade, with significant price movements and positive developments in its operations [1][2][3][4][6] Group 1: Stock Performance - Wells Fargo's stock is currently priced at $96.40, with a market capitalization of approximately $313.45 billion [5] - The stock has increased by approximately 19% over the past three months, outperforming the industry average rise of 9.1% [2][6] - The stock has experienced a daily trading range with a low of $94.98 and a high of $97.76, marking the highest price for the year [5] Group 2: Analyst Sentiment - Wells Fargo has an average brokerage recommendation (ABR) of 1.89 on a scale from 1 to 5, indicating a generally bullish sentiment among analysts [4][6] - Out of 27 brokerage firms, 13 have rated Wells Fargo as a Strong Buy, while four have given it a Buy rating [4] Group 3: Operational Developments - The removal of the asset cap on Wells Fargo allows for balance-sheet growth and a higher Return on Tangible Common Equity (ROTCE) target of 17-18% [3] - The company is actively cutting costs and optimizing its branch network, aiming for nearly $15 billion in expense savings [3]