Wells Fargo (WFC)
$23.49 0.16 (0.71%)
13:08 EDT WFC Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap 114.44B
PE Ratio 5.83
Volume (Avg. Vol.) 14.63M
Day's Range 23.01 - 23.50
52-Week Range 22.00 - 54.75
Dividend & Yield 1.64 (6.98%)
WFC Stock Predictions, Articles, and Wells Fargo News
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Wells Fargo stock looks like a bargain here selling below tangible book value. Wells Fargo stock is worth at least 44% more than today, given its discount to tangible book value and other value metrics.
Picking deep undervalued stocks will pay off in the long-run, as the economy takes its time to fully recover from the pandemic selloff.
What many investors need to realize before gambling on Wells Fargo stock is that gold prices are rising. Given that gold is just a commodity, this should clue you in regarding the viability of WFC.
While Warren Buffett surely has his reasons for selling Wells Fargo stock, this doesn't mean that everyone should unload all of their shares.
It's never too early to start preparing for the next big downturn. Here are seven safe dividend stocks to ride out coming storms.
A Covid-19 vaccine could come as early as October. These are the stocks to buy to play that potentially huge upside catalyst.
WFC stock may look ugly today, but it's in a great position to rise 50% or more over the next 6 to 12 months.
These 7 short-term stocks for quick returns represent some of the best stocks to buy for the next 6 to 12 months.
By Thomas Niel
As the overall U.S. economy bounces back, expect these five bank stocks to head higher as we enter the final stretch of 2020.
Wells Fargo continues to underperform compared to its competitors and it can't put perception problems in the past. Avoid Wells Fargo stock.
As an economic bellwether, Wells Fargo stock is a real-time benchmark. And that’s worrying considering that gold demand is absolutely bonkers.
Wells Fargo stock continues to lag, both the sector and the overall market. WFC shares have poor fundamentals and technicals, too.
Wells Fargo stock is one of the more downtrodden banks and that's saying something. The near-term outlook is murky at best.
Wells Fargo stock is long on value but short on spark. Investors will not get overly excited over the rallies so pick entry points surgically.
Following the recent Q2 results, Wells Fargo stock is likely to come under further pressure due to the harsh economic environment and continuing low rates.
Wells Fargo stock should survive its dividend cut just fine. Wells Fargo stock sells for just 82% of its tangible book value, whereas all of its peers are much more expensive.
The broader banking sector has been under pressure due to the pandemic, but Wells Fargo stock's drawdown has been especially overdone.
With higher capital requirements that protect its balance sheet, Wells Fargo stock investors ultimately benefit.
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Callon Petroleum (NYSE:CPE) -3% pre-market after Wells Fargo initiates coverage with an Underweight rating and $4 stock price target, citing a ~$260M liquidity shortage, reserve base lending covenant relief expiration in March 2022 with limited room for missteps, and a $3.4B debt load with upcoming maturities not adequately covered by free cash flow generation.With cash interest sapping $170M of cash flow annually, Wells thinks Callon's current capital structure will require some form of restructuring barring major commodity price improvements.At the same time, Northern Oil & Gas (NYSEMKT:NOG) +3.1% as Wells starts with an Overweight rating and $10 target, citing "a strong hedge book, curtailment reversals, and a balance sheet which allows NOG to capitalize on valuation disconnects in an increasingly distressed marketplace."Wells believes Northern's limited beta to near-term oil price volatility "provides strong free cash flow assurance, while a strong (and improving) balance sheet brings optionality to capitalize in a buyer-short market."
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