Wells Fargo & Co (NYSE: WFC) has reported earnings for its first fiscal quarter (ending March 31) of $1.21 versus $1.24 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $4.83 versus $3.62 for the same period a year ago.
Recent Price Action
Wells Fargo & Co (NYSE: WFC) stock declined slightly by -0.4% on 4/12/24. The stock closed at $56.47. Moreover, above average trading volume at 144% of normal accompanied the decline. The stock is unchanged 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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Wells Fargo has a very high Power Rating of 89 and a very high Appreciation Score of 94, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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