Wells Fargo's Results Show The Amount Of Work Left To Be Done [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
Summary Wells Fargo is going to face renewed questions about its near-term prospects with an exceptionally weak fourth quarter report. Not much went well in the quarter, with loan growth coming at the cost of significant yield weakness and an expense structure that's too high. Management's commentary that most of 2020 will be spent assessing the state of the business may well disappoint investors hoping for faster clarity on the turnaround strategy. Wells Fargo shares look too cheap relative to ROTCE and growth potential, but the near-term results will probably not look good and this name will likely lack near-term drivers in 2020. In quarter that has so far seen earnings reports that I’d characterize as okay-to-good, WFC Of course it’s more important for Wells Fargo’s turnaround to be done right as opposed to right now, but as I said, Wall Street is not a forgiving or patient place, and 2020 results are likely to be weak. Low single-digit earnings growth can still support a fair valu
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/17/24 - Form 424B2
- 4/17/24 - Form PX14A6G
- 4/16/24 - Form 3
- WFC's page on the SEC website