On 11/6/24, Wells Fargo & Co (NYSE: WFC) stock enjoyed a major increase of 13.1%, closing at $72.47. Moreover, trading volume in this advance was exceptionally high at 333% of normal. The stock has risen 11.0% during the last week and has performed in line with 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 complementary signals from two proprietary PTR measures of a stock’s attractiveness. Wells Fargo has a slightly positive Power Rating of 62 and a very high Appreciation Score of 93, resulting in the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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