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Wells Fargo & Company (WFC)

(Delayed Data from NYSE)

$56.72 USD

56.72
9,477,949

+0.02 (0.04%)

Updated Aug 26, 2024 04:00 PM ET

After-Market: $56.73 +0.01 (0.02%) 7:58 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.

Wells Fargo (WFC) Beats Q2 Earnings and Revenue Estimates

Wells Fargo (WFC) delivered earnings and revenue surprises of 8.70% and 1.28%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

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Markets Keep Strong Ahead of Big Bank Q2 Earnings

If you've just now woken up to the idea that the Fed will land this plane softly, you may be a little late to the party.

NII, Fee Income to Support Capital One's (COF) Q2 Earnings

Capital One's (COF) interest income is expected to have improved in the second quarter of 2023 on higher interest rates.

Higher Interest Rates to Support Zions (ZION) in Q2 Earnings

Despite softer loan demand, Zions (ZION) is expected to have recorded an improvement in interest income on higher interest rates.

Zacks Earnings Trends Highlights: JPMorgan, Citigroup and Wells Fargo

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

Weak Trading, IB to Hurt Morgan Stanley's (MS) Q2 Earnings

Subdued trading and investment banking business performance are expected to have hurt Morgan Stanley's (MS) Q2 earnings.

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Q2 Results Likely to Reflect a Stabilizing Earnings Picture

Earnings estimates for Q2 came down as the quarter got underway, though the magnitude of cuts to estimates was notably below what we saw in other recent comparable periods.

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Q2 Results Likely to Reflect a Stabilizing Earnings Picture

Earnings estimates for Q2 came down as the quarter got underway, though the magnitude of cuts to estimates was notably below what we saw in other recent comparable periods.

Higher Interest Rates to Aid BNY Mellon's (BK) Q2 Earnings

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

Lower Market Volatility to Hurt Schwab's (SCHW) Q2 Earnings

Schwab's (SCHW) trading performance is expected to have been weak in the second quarter of 2023 because of subdued volatility and client activity.

Stock Market News for Jul 12, 2023

U.S. stocks closed higher on Tuesday as investors waited for key inflation data to be released later in the week and also showed optimism ahead of the start of second-quarter earnings season.

BofA (BAC) to Pay $250M in Fines for Unscrupulous Practices

BofA (BAC) is penalized $250 million over business malpractices that include opening unauthorized accounts, charging double overdraft fees and withholding credit card rewards.

Why Wells Fargo (WFC) is Poised to Beat Earnings Estimates Again

Wells Fargo (WFC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Growth in AUM Likely to Support BlackRock's (BLK) Q2 Earnings

BlackRock (BLK) is expected to have witnessed AUM growth in the second quarter of 2023, supported by a decent market performance.

Stock Market News for Jul 11, 2023

Wall Street ended higher on Monday to recover from a losing week as investors looked forward to the all-important inflation data to be released later in the week and the upcoming corporate earnings season.

Rates, Loans to Aid BofA (BAC) Q2 Earnings, IB & Trading to Hurt

High rates and decent loan demand are expected to have supported BofA's (BAC) Q2 earnings amid rising funding costs, higher provisions and muted IB and trading performances.

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How Will Bank ETFs Perform in Light of Q2 Earnings?

Big banks will start releasing their quarterly numbers this week. Let's find out what's in store for bank ETFs.

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Major U.S. Banks Report: Global Week Ahead

Now it's time for earnings, with JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) all scheduled to report second quarter earnings on July 14th.

Wall Street Awaits CPI, PPI Inflation Data

Wall Street Awaits CPI, PPI Inflation Data

Fee Income to Aid State Street (STT) Q2 Earnings, NIR to Hurt

An improvement in fee revenues is expected to have supported State Street's (STT) Q2 earnings, while a decline in NIR on rising funding costs is likely to have acted as a spoilsport.

FRC Deal, Rates to Aid JPMorgan (JPM) Q2 Earnings, IB to Hurt

The buyout of First Republic Bank, high rates and decent loan demand are expected to have aided JPMorgan's (JPM) Q2 earnings amid rising funding costs, higher provisions and muted IB, mortgage banking and market performances.

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

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

PPG Industries and The Andersons have been highlighted as Zacks Bull and Bear of the Day

PPG Industries and The Andersons are part of the Zacks Bull and Bear of the Day article.

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The Q2 Earnings Season Kicks Off

The June quarter earnings reporting cycle will start grabbing the market's attention this week, with JPMorgan and other big banks coming out with their Q2 results.

Wells Fargo (WFC) Q2 Earnings Coming Up: What's in the Cards?

High interest rates are likely to support Wells Fargo's (WFC) Q2 net interest income. However, high expenses, increasing reserves and decling mortgage banking revenues are concerning.