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Wells Fargo & Company (WFC)

(Delayed Data from NYSE)

$63.70 USD

63.70
12,606,939

-0.98 (-1.52%)

Updated Nov 4, 2024 04:00 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 Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

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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.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

B Value F Growth A Momentum C 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%.

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

Top 14% (35 out of 250)

Industry: Financial - Investment Bank

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Zacks News

Goldman (GS) Q2 Earnings Miss on Weak IB, Revenues Fall Y/Y

by Zacks Equity Research

The muted IB business on a slump in deal-making activities and higher expenses hurt Goldman's (GS) Q2 earnings.

Citizens Financial (CFG) Q2 Earnings Miss, Revenues Rise on NII

by Zacks Equity Research

Higher interest rates and NII support Citizens Financial's (CFG) Q2 earnings, while a fall in non-interest income and loans, and higher expenses are headwinds.

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

by Zacks Equity Research

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

Sheraz Mian headshot

Q2 Earnings Season: A Good Start So Far

by Sheraz Mian

There was plenty to like from the banks, with the resilient economy helping keep credit demand positive and higher interest rates allowing them to charge more for those loans.

Wells Fargo's (WFC) Q2 Earnings Beat Estimates as NII Rises

by Zacks Equity Research

An increase in net interest income (NII) and non-interest income drive Wells Fargo's (WFG) Q2 earnings. However, higher provisions and rising expenses are headwinds.

Wall Street Kicks Off Q2 2023 Earnings Season

by Zacks Equity Research

Wall Street Kicks Off Q2 2023 Earnings Season

Mark Vickery headshot

JPMorgan Posts +20% Beat; C, WFC, UNH Also Outperform

by Mark Vickery

Earnings of $4.37 per share easily outpaced the $3.62 in the Zacks consensus and the $2.76 per share reported a year ago.

Wells Fargo (WFC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

by Zacks Equity Research

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

Wells Fargo (WFC) Beats Q2 Earnings and Revenue Estimates

by Zacks Equity Research

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?

Mark Vickery headshot

Markets Keep Strong Ahead of Big Bank Q2 Earnings

by Mark Vickery

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

by Zacks Equity Research

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

by Zacks Equity Research

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

by Zacks Equity Research

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

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

by Zacks Equity Research

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

Sheraz Mian headshot

Q2 Results Likely to Reflect a Stabilizing Earnings Picture

by Sheraz Mian

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.

Sheraz Mian headshot

Q2 Results Likely to Reflect a Stabilizing Earnings Picture

by Sheraz Mian

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

by Zacks Equity Research

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

by Zacks Equity Research

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

by Zacks Equity Research

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

by Zacks Equity Research

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

by Zacks Equity Research

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

by Zacks Equity Research

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

by Zacks Equity Research

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

by Zacks Equity Research

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?

by Sanghamitra Saha

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