Wells Fargo & Co (NYSE: WFC) has reported E.P.S. of $1.45 for its fourth fiscal quarter (ending December 31) versus $0.87 for the same period a year ago — an increase of 67%. This result exceeded the consensus estimate of $1.34 by $0.11. For the latest four quarters through December 31, E.P.S. were $5.43 versus $4.88 for the same period a year ago — an increase of 11%.
Recent Price Action
Wells Fargo & Co (NYSE: WFC) stock enjoyed a very large increase of 6.7% on 1/15/25. The shares closed at $75.95. Moreover, exceptionally high trading volume at 207% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 5.4% during the last week.
Current PriceTarget Research Rating
Wells Fargo has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Wells Fargo has a good Power Rating of 84 and a very high Appreciation Score of 92, producing the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Be the first to comment