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Wells Fargo & Company (WFC)

(Delayed Data from NYSE)

$56.72 USD

56.72
9,043,400

+0.02 (0.04%)

Updated Aug 26, 2024 04:00 PM ET

After-Market: $56.73 +0.01 (0.02%) 5:20 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 Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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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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D Value F Growth B 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 17% (42 out of 251)

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.

Ally Financial (ALLY) Beats on Q3 Earnings Despite Higher Costs

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F.N.B. Corp (FNB) records increased revenues and expenses in the third quarter of 2023.

First Horizon (FHN) Q3 Earnings Beat, Revenues Decline Y/Y

A fall in NII and non-interest income hinder First Horizon's (FHN) Q3 earnings. Improving loan and deposit balances act as tailwinds.

Northern Trust (NTRS) Q3 Earnings Lag Estimates, NII Dips Y/Y

A fall in NII, and the AUC and AUM balances hinder Northern Trust's (NTRS) Q3 earnings.

M&T Bank (MTB) Q3 Earnings Beat Estimates on Higher Revenues

Higher revenues support M&T Bank's (MTB) Q3 earnings. A rise in the provision for credit losses and lower loan demand ail.

Goldman (GS) Q3 Earnings Beat Estimates, Revenues Fall Y/Y

Strong FICC financing revenues and strength in the consumer banking business support Goldman's (GS) Q3 earnings. High expenses and a decline in revenues create headwinds.

Company News for Oct 16, 2023

Companies In The Article Are: JPM, UNH, WFC, PGR.

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

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

Sheraz Mian headshot

Analyzing Positive Bank Earnings: An Uncertain Outlook

Commentary from the banks surrounding the economic outlook reflected tentativeness, citing continued downside risks but also acknowledging the economy's resiliency and increasing odds of a 'soft landing.'

Wells Fargo's (WFC) Q3 Earnings Beat on NII Rise & Low Costs

An increase in NII and lower expenses drive Wells Fargo's (WFC) Q3 earnings. However, worsening credit quality was a headwind.

Major Banks Start Reporting Q3 Earnings

Major Banks Start Reporting Q3 Earnings

Mark Vickery headshot

Big Banks Beat in Q3, Import Prices Lower

JPMorgan, Citi and Wells Fargo all beat estimates on both top and bottom lines. So far so good for the Big Banks in Q3.

Wells Fargo (WFC) Reports Q3 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Wells Fargo (WFC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Wells Fargo (WFC) Beats Q3 Earnings and Revenue Estimates

Wells Fargo (WFC) delivered earnings and revenue surprises of 11.20% and 3.18%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock?

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How Will Bank ETFs Perform in Q3 Earnings Season?

Big banks will start releasing their quarterly numbers this week. Chances of a broad-based earnings beat are low-to-moderate as several stocks are experiencing a negative ESP.

Goldman (GS) to Divest GreenSky to Sixth Street-Led Consortium

Goldman (GS) is set to sell its Greensky platform to a Sixth Street-led consortium. The deal is likely to affect third-quarter 2023 earnings per share by 19 cents.

Why Wells Fargo (WFC) Might Surprise This Earnings Season

Wells Fargo (WFC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Zacks Earnings Trends Highlights: JPMorgan and Wells Fargo

JPMorgan and Wells Fargo are part of the Zacks Earnings Trends article.

AUM Growth Likely to Support Blackstone's (BX) Q3 Earnings

Driven by inflows, Blackstone's (BX) AUM balance is likely to have increased in the third quarter of 2023.

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Bank Earnings Loom: A Challenging Setup

The coming reports from the big banks will highlight multiple profitability headwinds. Still, sentiment surrounding the group remains so weak that even modestly positive results and commentary could push them higher.

Sheraz Mian headshot

Bank Earnings Loom: A Challenging Setup

The coming reports from the big banks will highlight multiple profitability headwinds. Still, sentiment surrounding the group remains so weak that even modestly positive results and commentary could push them higher.

M&T Bank Corporation (MTB) Reports Next Week: Wall Street Expects Earnings Growth

M&T Bank Corporation (MTB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Higher Interest Rates to Aid BNY Mellon's (BK) Q3 Earnings

BNY Mellon's (BK) interest income is expected to have increased in the third quarter of 2023, supported by higher interest rates.

Weak Trading Performance to Hurt Morgan Stanley (MS) Q3 Earnings

Morgan Stanley's (MS) third-quarter earnings are expected to have been negatively impacted by a subdued trading performance and a muted IB business performance.

High Rates to Aid BofA (BAC) Q3 Earnings, IB & Trading to Hurt

High rates and decent consumer loan demand are expected to have offered some support to Bank of America's (BAC) Q3 earnings amid rising deposit cost, higher provisions and weakness in IB and trading.