Wells Fargo & Co (NYSE: WFC) has reported E.P.S. of $1.35 for its second fiscal quarter (ending June 30) versus $1.26 for the same period a year ago — an increase of 7%. Relative to the consensus estimate of $1.28, this was a premium of $0.07. For the latest four quarters through June 30, E.P.S. were $4.92 compared to $4.13 a year ago — an increase of 19%.
Recent Price Action
Wells Fargo & Co (NYSE: WFC) stock closed at $56.54 on 7/12/24 after a large decline of -6.0%. Moreover, this decline was accompanied by exceptionally high trading volume at 304% of normal. The stock has declined -6.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WFC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Wells Fargo has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Wells Fargo has a very high Power Rating of 88 and a very high Appreciation Score of 95, with the Highest Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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