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$55.06 -$0.53 (-1.0%)

04:00 PM EST on 03/01/24

Wells Fargo & Company (NYSE:WFC)

CAPS Rating: 3 out of 5

One of the country’s largest banks, Wells Fargo provides retail, commercial, and corporate banking services and is a leading residential mortgage lender.

Current Price $55.06 Mkt Cap $197.0B
Open $55.40 P/E Ratio 11.40
Prev. Close $55.06 Div. (Yield) $1.35 (2.5%)
Daily Range $54.90 - $55.75 Volume 17,760,953
52-Wk Range $35.25 - $55.75 Avg. Daily Vol. 19,118,867

Caps

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All Players

4,652 Outperform
501 Underperform
 

All-Star Players

743 Outperform
75 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NYSE:WFC Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

Dividends500 (85.32)
Submitted December 19, 2022

Dividends500 tracks the healthiest dividends in the S&P 500.To qualify for the portfolio, the company must meet three simple requirements:- Member of the S&P 500- Payout ratio below 50%- Dividend growth year over year

BellerophonX (46.40)
Submitted April 05, 2023

• Credit Cycle?Although high rates are better for the banking business than low rates, the period of time when the Fed is hiking rates is the most dangerous for banks due to the adverse effect of rising rates on the price of assets in their balance… More

Recent Community Commentary

Read the most recent pitches from players about WFC.

Recs

0
Member Avatar larvalbug (32.80) Submitted: 12/13/2023 2:13:34 PM : Outperform Start Price: $48.10 NYSE:WFC Score: +6.25

A good, undervalued company with an above-average dividend.

Recs

1
Member Avatar BellerophonX (46.40) Submitted: 4/4/2023 11:58:44 PM : Underperform Start Price: $36.58 NYSE:WFC Score: -25.91

• Credit Cycle

?Although high rates are better for the banking business than low rates, the period of time when the Fed is hiking rates is the most dangerous for banks due to the adverse effect of rising rates on the price of assets in their balance sheets.

?The recent fall of Silicon Valley Bank is an example of this danger. Is the March banking crisis over? I don't know, but even if it is, a tightening of credit in the foreseeable future is almost certain. To avert the outflow of deposits to money market funds, banks will have to compete for deposits raising the rates offered, resulting in higher funding costs that will reduce their profitability and their willingness and capacity to lend.

?Even if no more banks fail in this period of hiking rates, the start of a recession this year is more likely than not. All warning signals are flashing, except for unemployment, which is not a leading indicator. Trading at low P/E ratios, banks may seem cheap now, but earnings may still fall, taking bank share prices with them.

• Potential Negative Surprises

Of the big four US banks, I think that Wells Fargo might be the most likely to surprise us negatively in this difficult period. Although the banking business is not a favorite of Buffett and Munger, back in 1989 and 1990 Berkshire was buying Wells Fargo until holding just below 10% of the bank. Back then, Buffett and Munger only had words of praise for Wells Fargo management. But those times are long gone. This bank is not one of Berkshire's holdings today (or, more precisely, as of Dec 31, 2022) and Wells Fargo recent history is full of not confidence-inspiring practices and incidents. The last incident was the disappearing of balances and transactions in some customers accounts on March 10, right at the climax of the March banking crisis. The issue was fixed, but it's not very confidence-inspiring. And confidence is a scarce and crucial good needed by banks, nowadays more so.

Recs

1
Member Avatar Dividends500 (85.32) Submitted: 12/19/2022 4:38:34 PM : Outperform Start Price: $40.06 NYSE:WFC Score: +4.42

Dividends500 tracks the healthiest dividends in the S&P 500.

To qualify for the portfolio, the company must meet three simple requirements:

- Member of the S&P 500
- Payout ratio below 50%
- Dividend growth year over year

Leaderboard

Find the members with the highest scoring picks in WFC.

Score Leader

mfinzel

mfinzel (99.78) Score: +331.42

The Score Leader is the player with the highest score across all their picks in WFC.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
mfinzel 99.78 12/5/2008 Underperform 1Y $18.97 +191.08% +522.50% +331.42 0 Comment
moonleg 25.75 10/16/2008 Underperform 1Y $22.08 +150.09% +474.77% +324.68 0 Comment
superman2100 98.30 11/20/2008 Underperform 1Y $16.16 +241.70% +556.65% +314.94 0 Comment
RBB69 86.43 10/29/2008 Underperform 3Y $22.59 +144.46% +457.34% +312.89 0 Comment
brendani215h 23.81 11/19/2008 Underperform 1Y $18.33 +201.29% +512.44% +311.16 0 Comment
Voorheesian 54.48 11/19/2008 Underperform 1Y $18.33 +201.29% +512.44% +311.16 1 Comment
wr611 52.88 11/12/2008 Underperform 3Y $19.18 +187.89% +496.48% +308.59 0 Comment
pastariogriff 21.13 10/30/2008 Underperform 3M $21.62 +155.37% +460.96% +305.59 0 Comment
JMBOONE20 91.60 10/20/2008 Underperform 3M $22.11 +149.71% +451.30% +301.59 0 Comment
225Saint < 20 12/12/2008 Underperform 3W $17.61 +213.58% +503.46% +289.88 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

There are no Wall Street tracker picks for WFC.