Citigroup: Mediocre Fundamentals But Relatively Cheap [Seeking Alpha]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Seeking Alpha
The overhead expenses at the bank could be better managed. The return on assets and return on equity metrics lag their competitors. Despite mediocre fundamentals, the valuation still suggests a 12.7% annual return over the next five years. Investment Thesis Citigroup ( NYSE: C ) is the fourth largest U.S. bank by assets on the balance sheet which offers a variety of lending and wealth management services to both corporate and retail clients. Year to date the stock is up 15%, so I want to see if any value potentially remains. Citigroup is a bank that generates good net interest margins; however, I believe loan quality could be improved as supported by their high net charge-off ratio. The bank also lags behind the other big four banks in terms of return on assets and return on equity. Currently, I see Citigroup as a hold as I forecast an annual return of 12.7% despite not having great fundamentals. It seems like Citigroup is still reasonably cheap but due to average at best fun
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- Wells Fargo Expands Down Payment Grant Program to Help Bridge Homeownership Gap [Yahoo! Finance]Yahoo! Finance
- Wells Fargo Expands Down Payment Grant Program to Help Bridge Homeownership GapBusiness Wire
- US Demand Is Still Resilient, Even If GDP Doesn't Show It [Yahoo! Finance]Yahoo! Finance
- US Demand Is Still Resilient, Even If GDP Doesn't Show It [Financial Post (Toronto, Ontario, Canada)]Financial Post
WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- WFC's page on the SEC website