Wells Fargo (WFC) closed the most recent trading day at $81.49, moving +1.71% from the previous trading session.
Wells Fargo (WFC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Recently, Zacks.com users have been paying close attention to Wells Fargo (WFC). This makes it worthwhile to examine what the stock has in store.
Wells Fargo (WFC) concluded the recent trading session at $78.11, signifying a +1.43% move from its prior day's close.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Wells Fargo (WFC) have what it takes?
Wells Fargo is no longer a penalty-box bank, and credit is stable, capital is strong, and the asset cap is finally lifted, unlocking growth potential. The bank delivers solid earnings, aggressive buybacks, and improving efficiency, yet trades at a discount to peers, creating a compelling value opportunity. Shareholder returns are robust, with a sustainable 8%+ yield through dividends and buybacks, supported by excess capital and liquidity.
In the most recent trading session, Wells Fargo (WFC) closed at $73.15, indicating a +1.09% shift from the previous trading day.
Wells Fargo's preferred shares now offer a 6.4% yield, making the risk/reward ratio even more attractive amid higher interest rates. The bank only needs about 6% of net profit to cover preferred dividends, ensuring strong coverage and safety for preferred shareholders. Series Z preferred shares trade at a discount, boosting yield and offering potential capital gains if interest rates decline in the future.
[00:00:04] Doug McIntyre: Lee, I thought Wells Fargo would be in prison.
Wells Fargo (WFC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
In the most recent trading session, Wells Fargo (WFC) closed at $75.45, indicating a -1.32% shift from the previous trading day.
Wells Fargo reportedly expects consumer loan growth in the United States to remain flat or potentially decrease through the end of the year.