Wells Fargo & Co (NYSE: WFC). Extremely significant positive changes in fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals 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.
Current PriceTarget Research Rating
WFC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 90 and a very high Appreciation Score of 94, producing the Highest Value Trend Rating.
Recent Price Action
Wells Fargo & Co (NYSE: WFC) stock closed at $59.91 on 4/26/24 after a slight decline of -0.03%. NORMAL trading volume accompanied the decline. The stock has risen 2.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
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