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Wells Fargo Stock Delivered More Than 50% Return Over The Last Twelve Months, What's Next?
WFCWells Fargo(WFC) Forbes·2024-04-02 12:00

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 ...