WFC Stock Summary and Trading Ideas (Wells Fargo | NYSE:WFC)

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 U.S.

Wells Fargo trades on the NYSE stock market under the symbol WFC.

As of November 22, 2024, WFC stock price climbed to $75.71 with 6,265,915 million shares trading.

WFC has a beta of 0.55, meaning it tends to be less sensitive to market movements. WFC has a correlation of 0.05 to the broad based SPY ETF.

WFC has a market cap of $257.62 billion. This is considered a Mega Cap stock.

Last quarter Wells Fargo reported $20 billion in Revenue and $1.52 earnings per share. This fell short of revenue expectation by $-44 million and exceeded earnings estimates by $.24.

In the last 3 years, WFC traded as high as $76.04 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 price return of +81.2% while the SPY ETF gained +32.9%. WFC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +37.2% and +9.6%, respectively, while the SPY returned +6.5% and -0.1%, respectively.

WFC support price is $73.62 and resistance is $76.04 (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.