25-Feb-2025
BlackRock (BLK) Scales Down Its DEI Efforts after Political Pushback
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Flows into Financials sustaining momentum – stocks with high SA Quant Ratings
Seeking Alpha News (Tue, 25-Feb 11:47 AM ET)
Business Wire (Tue, 25-Feb 8:00 AM ET)
Barclays Keeps Their Buy Rating on Wells Fargo (WFC)
TipRanks (Tue, 25-Feb 2:48 AM ET)
JPMorgan Chase Pours $50B Into Private Credit Market
TipRanks (Tue, 25-Feb 12:09 AM ET)
Financial stocks where HFs have decreased their positions the most – Goldman
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The top OW positions by mutual funds: WFC, V, MA, and more
Seeking Alpha News (Fri, 21-Feb 2:21 PM ET)
Wells Fargo & Company Declares Cash Dividends on Preferred Stock
Business Wire (Fri, 14-Feb 8:00 AM ET)
Wells Fargo Confirms Termination of 2018 OCC Compliance Consent Order
Business Wire (Thu, 13-Feb 4:45 PM ET)
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the US.
Wells Fargo trades on the NYSE stock market under the symbol WFC.
As of February 25, 2025, WFC stock price declined to $76.00 with 14,158,014 million shares trading.
WFC has a beta of 0.80, meaning it tends to be less sensitive to market movements. WFC has a correlation of 0.12 to the broad based SPY ETF.
WFC has a market cap of $249.96 billion. This is considered a Mega Cap stock.
Last quarter Wells Fargo reported $20 billion in Revenue and $1.42 earnings per share. This fell short of revenue expectation by $-202 million and exceeded earnings estimates by $.07.
In the last 3 years, WFC traded as high as $81.50 and as low as $35.25.
The top ETF exchange traded funds that WFC belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
WFC has outperformed the market in the last year with a return of +44.0%, while the SPY ETF gained +18.4%. In the last 3 month period, WFC beat the market returning +0.6%, while SPY returned +0.1%. However, in the most recent 2 weeks WFC has underperformed the stock market by returning -3.9%, while SPY returned -1.8%.
WFC support price is $76.23 and resistance is $78.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WFC shares will trade within this expected range on the day.