Wells Fargo: Decent Prospects, But Don't Get Carried Away At These Levels [Seeking Alpha]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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US:NYSE Investor Relations:
wellsfargo.com/about/investor-relations
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Source: Seeking Alpha
Non-interest income growth is expected to be resilient (currently growing at a run rate of 17%) while headcount and branch adjustments could reflect well on the cost base. WFC may get an opportunity to expand its asset base from FY25, and going by sell-side estimates, the expectation is for higher earnings growth over each of the next 3 years. WFC's valuations look pricey, its yield looks unappealing, and the risk-reward on the charts does not look too favorable. Solid Alpha, Despite NII Weakness Over the past year, the stock of Wells Fargo ( NYSE: WFC ), the third-largest bank in the US by market cap, has done exceedingly well for its stakeholders by generating returns of over 56%, and outperforming not just its largest peers but also a diversified portfolio of 25 other banking stocks. WFC's outperformance is interesting to note, given that we haven't been in the most conducive environment for NII (Net interest income) progression, a metric that is used to gauge the busine
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WFC
News
- Dollar's Run of Gains Won Over Traders Ahead of Fed Decision [Yahoo! Finance]Yahoo! Finance
- How to Find Strong Finance Stocks Slated for Positive Earnings Surprises [Yahoo! Finance]Yahoo! Finance
- The riddle of the BeReal deal [Fortune]Fortune
- Wells Fargo fired a dozen people accused of faking keyboard strokes [Yahoo! Finance]Yahoo! Finance
- PGIM Sticks With Bearish Treasury Call on Bet Fed May Still Hike [Yahoo! Finance]Yahoo! Finance
WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 6/12/24 - Form 424B2
- 6/12/24 - Form 424B2
- 6/10/24 - Form 4
- WFC's page on the SEC website