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Wells Fargo & Company (WFC)

(Real Time Quote from BATS)

$57.01 USD

57.01
874,698

+0.75 (1.33%)

Updated Aug 28, 2024 10:22 AM 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 A 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 8% (20 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.

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Earnings & Stimulus in Focus

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Stocks ended a volatile week with small gains.

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BNY Mellon (BK) witnesses a decline in revenues and higher expenses in the third quarter of 2020.

Bank Stock Roundup: Q3 Earnings Season Unfolds, JPM, WFC & C Top Estimates

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Low rates hurt banks' Q3 results, while fee income provides some respite. Banks are still unsure of the future and have not issued detailed guidance.

Truist Financial (TFC) Q3 Earnings Beat, Provisions Decline

by Zacks Equity Research

Truist Financial (TFC) witnesses a fall in revenues in third-quarter 2020. Also, provisions decline from the previous quarter.

Mixed Q3 Earnings for Major Banks

by Zacks Equity Research

Mixed Q3 Earnings for Major Banks.

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PPI Strengthens, Goldman Posts Big Q3 Earnings

by Mark Vickery

While September's PPI doubled expectations, Goldman Sachs posted a 73% earnings surprise in its Q3 release.

Wells Fargo (WFC) Q3 Earnings Beat on Strong Mortgage Banking

by Zacks Equity Research

Wells Fargo's (WFC) Q3 results reflect solid mortgage activity, reduced net interest income, along with higher provisions and stable expenses.

Wells Fargo (WFC) Q3 Earnings and Revenues Beat Estimates

by Zacks Equity Research

Wells Fargo (WFC) delivered earnings and revenue surprises of 19.15% and 5.00%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

JPMorgan (JPM) Q3 Earnings Top on Lower Credit Cost, Trading

by Zacks Equity Research

Surprisingly lower provisions and continued support from fee income sources aid JPMorgan's (JPM) Q3 earnings amid weak loan demand and near-zero rates.

Citigroup (C) Q3 Earnings Beat Estimates, Expenses Escalate

by Zacks Equity Research

Citigroup's (C) Q3 results reflect rise in market revenues and strong underwriting business, along with elevated expenses and credit costs.

First Republic (FRC) Q3 Earnings Beat, Revenues & Costs Rise

by Zacks Equity Research

Higher revenues support First Republic's (FRC) Q3 earnings outperformance amid lower rates and coronavirus-related concerns.

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

by Zacks Equity Research

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

Fee Income to Aid Wells Fargo (WFC) Q3 Earnings Amid Low Rates?

by Zacks Equity Research

Wells Fargo's (WFC) Q3 results likely to reflect impact of low rates, partly offset by an improved fee income, including strong mortgage activity during the July-September quarter.

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Bank Stock Roundup: Citi Faces Penalty, BofA & Wells Fargo Restructure Business

by Swayta Shah

Improving oversight related to risk management process and business restructuring initiatives will support major bank stocks, going forward.

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Are Bank Stocks Cheap or Value Traps?

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Driving this underperformance is the group's cyclical exposure, with the demand for credit and other banking services strongly correlated with GDP growth...

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Bank ETFs Surge as Yield Curve Steepens

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The banking corner of the broader financial sector is back on track this month owing to the steepening of the yield curve. Will the strong trend continue?

Wells Fargo in Restructuring Mode, Terminates More Than 700 Jobs

by Zacks Equity Research

With an aim of improving profitability and operating efficiency, Wells Fargo (WFC) resumes layoffs with the termination of more than 700 commercial-banking jobs.

Analysts Estimate Wells Fargo (WFC) to Report a Decline in Earnings: What to Look Out for

by Zacks Equity Research

Wells Fargo (WFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Wells Fargo (WFC) Outpaces Stock Market Gains: What You Should Know

by Zacks Equity Research

Wells Fargo (WFC) closed at $24.45 in the latest trading session, marking a +1.92% move from the prior day.

Goldman Revives Job Cut Plan After Coronavirus-Induced Pause

by Zacks Equity Research

With an aim to improve profitability and operating efficiency, Goldman (GS) revives plans to cut 400 jobs or 1% of its workforce.

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    Fed Restricts Big Banks' Dividends, Suspends Q4 Share Buybacks

    by Priti Dhanuka

    The Federal Reserve restricts big U.S. banks from share repurchases and dividend payments through the end of this year to ensure liquidity of the financial firms by conserving capital.

    Wells Fargo (WFC) Gains But Lags Market: What You Should Know

    by Zacks Equity Research

    Wells Fargo (WFC) closed the most recent trading day at $23.82, moving +0.76% from the previous trading session.

    Wells Fargo Inks Data Exchange Agreement With Envestnet

    by Zacks Equity Research

    Wells Fargo (WFC) partners with Envestnet to enhance its customers experience and enable secure transferring of data.

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    Biden's Corporate Tax Plan Could Spell Trouble for Bank ETFs

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    Biden proposed corporate tax hike from 21% to 28% would drop net income by more than $7 billion per year for the nation's 10 largest banks.

    Wells Fargo (WFC) Stock Sinks As Market Gains: What You Should Know

    by Zacks Equity Research

    Wells Fargo (WFC) closed the most recent trading day at $23.66, moving -1.6% from the previous trading session.