Wells Fargo (WFC) Stock Falls Amid Market Uptick: What Investors Need to Know

28.05.24 23:45 Uhr

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54,31 EUR -1,27 EUR -2,28%

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PKT PKT

15.716,7 PKT -210,8 PKT -1,32%

2.682,1 PKT -21,0 PKT -0,78%

5.544,6 PKT -43,7 PKT -0,78%

Wells Fargo (WFC) ended the recent trading session at $59.48, demonstrating a -1.21% swing from the preceding day's closing price. This change lagged the S&P 500's 0.03% gain on the day. On the other hand, the Dow registered a loss of 0.56%, and the technology-centric Nasdaq increased by 0.59%.Shares of the biggest U.S. mortgage lender have appreciated by 0.69% over the course of the past month, underperforming the Finance sector's gain of 2.95% and the S&P 500's gain of 4.19%.Market participants will be closely following the financial results of Wells Fargo in its upcoming release. The company is forecasted to report an EPS of $1.25, showcasing no movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $20.23 billion, down 1.49% from the year-ago period.For the full year, the Zacks Consensus Estimates are projecting earnings of $5.01 per share and revenue of $81.53 billion, which would represent changes of -7.73% and -1.29%, respectively, from the prior year.Investors should also note any recent changes to analyst estimates for Wells Fargo. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.32% higher. Wells Fargo currently has a Zacks Rank of #2 (Buy).Looking at valuation, Wells Fargo is presently trading at a Forward P/E ratio of 12.02. This denotes a premium relative to the industry's average Forward P/E of 11.39.We can also see that WFC currently has a PEG ratio of 1.61. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Banks - Major Regional industry had an average PEG ratio of 1.76.The Banks - Major Regional industry is part of the Finance sector. With its current Zacks Industry Rank of 46, this industry ranks in the top 19% of all industries, numbering over 250.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Where Will Stocks Go…If Biden Wins? If Trump Wins?The answers may surprise you.Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…1. Medical manufacturer has gained +11,000% in the last 15 years.2. Rental company is absolutely crushing its sector.3. Energy powerhouse plans to grow its already large dividend by 25%.4. Aerospace and defense standout just landed a potentially $80 billion contract.5. Giant Chipmaker is building huge plants in the U.S. Hurry, Download Special Report FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wells Fargo & Company (WFC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Wells Fargo & Co.

Analysen zu Wells Fargo & Co.

DatumRatingAnalyst
14.04.2021Wells FargoCo buyUBS AG
26.03.2020Wells FargoCo HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
10.07.2019Wells FargoCo UnderperformWolfe Research
29.03.2019Wells FargoCo HoldDeutsche Bank AG
02.01.2019Wells FargoCo OverweightBarclays Capital
DatumRatingAnalyst
14.04.2021Wells FargoCo buyUBS AG
02.01.2019Wells FargoCo OverweightBarclays Capital
02.01.2018Wells FargoCo OverweightBarclays Capital
03.01.2017Wells FargoCo OverweightBarclays Capital
24.10.2016Wells FargoCo Market PerformBMO Capital Markets
DatumRatingAnalyst
26.03.2020Wells FargoCo HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
29.03.2019Wells FargoCo HoldDeutsche Bank AG
15.09.2017Wells FargoCo NeutralUBS AG
18.01.2017Wells FargoCo HoldArgus Research Company
11.01.2017Wells FargoCo NeutralUBS AG
DatumRatingAnalyst
10.07.2019Wells FargoCo UnderperformWolfe Research
05.02.2018Wells FargoCo UnderperformRBC Capital Markets
15.09.2016Wells FargoCo SellUBS AG
24.03.2016Wells FargoCo SellUBS AG
13.02.2015Wells FargoCo UnderperformBMO Capital Markets

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Wells Fargo & Co. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"