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Wells Fargo & Company (WFC)

(Delayed Data from NYSE)

$56.26 USD

56.26
7,637,977

-0.46 (-0.81%)

Updated Aug 27, 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 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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Low Rates, Coronavirus Mar Major Regional Bank Stock Outlook

Near-zero interest rates, worsening asset quality and coronavirus-induced economic slowdown are likely to continue hampering major regional banks' financials in the next few quarters.

The Zacks Analyst Blog Highlights: JPMorgan, Citigroup, Bank of America and Wells Fargo

The Zacks Analyst Blog Highlights: JPMorgan, Citigroup, Bank of America and Wells Fargo

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Big Banks' Q2 Earnings Scorecard and Future Expectations

Wall Street banking giant JPM, BAC, C and WFC's second-quarter results mainly reflect the adverse impacts of massive reserve builds, as well as lower rates. Management commentary indicates a cautious approach toward economic recovery.

Bank Stock Roundup: FITB, KEY, CMA Beat on Q2 Earnings, RF, COF Incur Losses

Huge reserve builds and low rates hurt banks' Q2 results, while fee income provides some respite. Banks are still unsure of the future and refrain from providing detailed guidance.

Comerica (CMA) Q2 Earnings Beat Estimates, Provisions Escalate (Revised)

Comerica's (CMA) Q2 results reflect rise in loans and deposits, lower revenues, higher expenses and provisions.

CIT Group (CIT) Records Loss in Q2, Provisions & Costs Rise

CIT Group (CIT) witnesses significantly higher provisions and lower revenues in the second quarter of 2020.

Comerica (CMA) Q2 Earnings Miss Estimates, Provisions Escalate

Comerica's (CMA) Q2 results reflect lower revenues, higher expenses and provisions.

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Quiet Week Could be the Calm Before the Storm

A busy week of earnings reports and Congressional stimulus talks has t

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Bank Stock Roundup: JPM, C, BAC Top Q2 Earnings Estimates, WFC Incurs Loss

Huge reserve builds and low rates hurt banks' Q2 results, while fee income turns out to be a big savior. Banks are still unsure of the future and refrain from providing guidance.

Regions (RF) Reports Q2 Loss, Provisions Up on Coronavirus Woes

Regions' (RF) Q2 loss reflects rise in provisions and expenses, partly offset by higher revenues.

BofA (BAC) Q2 Earnings Top, Provisions Up on Coronavirus Woes

Trading and investment banking businesses support BofA's (BAC) Q2 earnings, while a substantial reserve build to combat coronavirus concerns and low rates hurt.

Zacks Earnings Trends Highlights: JPMorgan, CitiGroup, Wells Fargo and Goldman Sachs

Zacks Earnings Trends Highlights: JPMorgan, CitiGroup, Wells Fargo and Goldman Sachs

Stock Market News for Jul 15, 2020

Benchmarks closed higher on Tuesday despite investors pulling out of big tech stocks.

U.S. Bancorp (USB) Gains 3.2% as Q2 Earnings Top Estimates

U.S. Bancorp's (USB) Q2 results reflect a rise in fee income, loan growth, elevated expenses and higher provisions on account of the coronavirus outbreak-related woes.

Goldman (GS) Q2 Earnings Beat, Provisions Up on Coronavirus Scare

Goldman (GS) Q2 results mainly reflect fixed income and underwriting revenue outperformance, partly muted by dismal financial advisory revenues along with high costs and provisions.

PNC Financial (PNC) Reports Q2 Loss, Provisions Escalate

PNC Financial's (PNC) Q2 performance highlights lower revenues, controlled expenses and elevated provisions.

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Q2 2020 Earnings Season Gets Underway

Including results from the major banks, we now have Q2 reports from 32 S&P 500 members, with total earnings for these 32 companies down -54.3% on -3.4% lower revenues...

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Q2 2020 Earnings Season Gets Underway

Including results from the major banks, we now have Q2 reports from 32 S&P 500 members, with total earnings for these 32 companies down -54.3% on -3.4% lower revenues...

Wells Fargo (WFC) Q2 Loss Wider Than Expected, Provisions Up

Wells Fargo's (WFC) Q2 results reflect a decline in net interest and fee income along with higher provisions and expenses.

Big Banks Report Q2 Earnings

Big Banks Report Q2 Earnings

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Here Come the Big Banks with Q2 Earnings

This morning we see Q2 results from some of the heaviest hitters on Wall Street: JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC).

Wells Fargo (WFC) Reports Q2 Loss, Lags Revenue Estimates

Wells Fargo (WFC) delivered earnings and revenue surprises of -312.50% and -3.76%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

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5 Bank Earnings Charts to Watch This Week

Second quarter earnings season is expected to be full of surprises. It'll start with the biggest banks.

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

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

Should You Buy Wells Fargo (WFC) Ahead of Earnings?

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