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Wells Fargo & Company (WFC)

(Real Time Quote from BATS)

$59.60 USD

59.60
2,365,684

+0.46 (0.78%)

Updated Jul 23, 2024 12:20 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value D Growth F Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 11% (27 out of 250)

Industry: Banks - Major Regional

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Zacks News

San Francisco-based – Wells Fargo & Company is one of the largest financial services company in the U.S. with $1.95 trillion in assets and more than $1.4 trillion in deposits. The company provides banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage services and consumer and commercial finance through over 7,200 stores, 13,000 ATMs, the internet and other distribution channels across North America and globally. The company provides its services through three broad segments: Community Banking offers a complete line of diversified financial products and services to consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student, and small business lending. Wholesale Banking provides financial solutions to businesses across the United States and globally with annual sales generally in excess of $5 million. Wealth and Investment Management provides a full range of personalized wealth management, investment and retirement products and services to clients across U.S. based businesses.

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Is Wells Fargo (WFC) Worth a Bet Post Q2 Earnings Beat?

Wells Fargo's (WFC) strength in fee-based income and capital adequacy seems favorable. However, the existing asset cap is a concern.

Sanghamitra Saha headshot

What You Need to Know About Bank ETFs In Light of Q2 Earnings

U.S. banking earnings indicate solid investment banking performance and tepid consumer finances.

PNC Financial (PNC) Q2 Earnings Beat on Higher Fee Income

The rise in non-interest income and higher loan balance support PNC Financial's (PNC) Q2 earnings, while lower net interest income and a rise in provisions act as headwinds.

Mastercard (MA) Teams Up to Launch One Key Credit Cards

Mastercard (MA), along with Expedia Group and Wells Fargo, unveils One Key and One Key+ credit cards offering travel rewards, instant tier upgrades and exclusive benefits to cater to the growing travel enthusiasm among consumers.

Expedia Group (EXPE) Aids Travelers With One Key Credit Cards

Expedia Group (EXPE) partners with Wells Fargo and Mastercard to unveil One Key credit cards in a bid to aid U.S. travelers.

Goldman (GS) Q2 Earnings Beat Estimates, IB Revenues Rise Y/Y

Strong Investment banking and FICC financing revenues support Goldman's (GS) Q2 Earnings. However, the current tough macroeconomic scenario remains a concern.

JPMorgan, Citigroup and Wells Fargo are part of Zacks Earnings Preview

JPMorgan, Citigroup and Wells Fargo have been highlighted in this Earnings Preview article.

Sheraz Mian headshot

Q2 Earnings Growth Expected to Reach Two-Year High

We see the Q2 results from the major banks as good enough - not great, but definitely not bad either. The stocks' outperformance entering this reporting cycle contributed to the market's tentative initial reaction to the results.

Wells Fargo's (WFC) Q2 Earnings Beat on Higher Fee Income

The rise in non-interest income and lower provisions support Wells Fargo's (WFC) Q2 earnings while lower net interest income and a rise in expenses act as headwinds.

Mark Vickery headshot

PPI Swells Higher, Big Banks Beat Q2 Estimates

Today's PPI numbers were not quite as accommodating as yesterday's CPI.

Wells Fargo (WFC) Reports Q2 Earnings: What Key Metrics Have to Say

The headline numbers for Wells Fargo (WFC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Wells Fargo (WFC) Surpasses Q2 Earnings and Revenue Estimates

Wells Fargo (WFC) delivered earnings and revenue surprises of 4.72% and 2.05%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

Citigroup (C) Faces $136M Penalty for Failing to Fix Data Issues (Revised)

The U.S. regulators penalize Citigroup (C) for inefficient progress in data management issues. It follows the 2020 consent order requiring the bank to fix these issues via firm-wide adequate measures.

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Markets Sell the News After Satisfying CPI

The Inflation Rate came in better than expected for a soft landing, but the S&P and Nasdaq posted their worst trading day in two months.

Citigroup (C) Faces 136M Penalty for Failing to Fix Data Issues

The U.S. regulators penalize Citigroup (C) for inefficient progress in data management issues. It follows the 2020 consent order requiring the bank to fix these issues via firm-wide adequate measures.

Swayta Shah headshot

Should You Buy JPM, C & Other Big Bank Stocks Before Q2 Earnings?

The Q2 earnings outlook for JPM, C, BAC and WFC has been improving lately as underlying business trends have improved. Should investors buy these big bank stocks now or wait for a better entry point?

What Analyst Projections for Key Metrics Reveal About Wells Fargo (WFC) Q2 Earnings

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Wells Fargo (WFC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, and Citigroup

JPMorgan, Wells Fargo, and Citigroup have been highlighted in this Earnings Trends article.

Sheraz Mian headshot

Earnings Season Gets Underway: Bank Earnings in Focus

The earnings outlook for the major banks has been improving lately as underlying business trends have stabilized. But what can investors expect?

Sheraz Mian headshot

Earnings Season Gets Underway: Bank Earnings in Focus

The earnings outlook for the major banks has been improving lately as underlying business trends have stabilized. But what can investors expect?

Riya Anand headshot

Pre Q2 Earnings: How Should You Play Wells Fargo (WFC)?

Decent loan demand and slightly lower mortgage rates are likely to have aided Wells Fargo's (WFC) Q2 earnings amid weak asset quality and subdued investment banking (IB) fees. Should investors buy the WFC stock now or wait for a better entry point?

Riya Anand headshot

Should You Add Citigroup (C) Stock Ahead of Its Q2 Earnings?

Decent loan demand and solid IB and trading businesses are likely to have aided Citigroup's (C) numbers. High funding costs and an elevated expense base are expected to be spoilsports. Should investors buy the stock or wait for a better entry point?

Mark Vickery headshot

Pre-Markets Creep Higher Ahead of Powell & Busy Late Week

Both CPI data and Q2 earnings season begin hit the tape tomorrow morning. Meanwhile, pre-market futures creep ever higher.

Swayta Shah headshot

Is Bank of America (BAC) Stock a Buy Before Q2 Earnings?

High rates, impressive IB and trading businesses and modest loan demand are likely to have aided Bank of America's (BAC) Q2 earnings. But rising provisions and expenses might have been headwinds. Should investors buy the BAC stock now or wait for a better entry point?

Sanghamitra Saha headshot

How Will Bank ETFs Perform in Light of Q2 Earnings?

Big banks will start releasing their quarterly numbers this week.