Alert: Positive Investment/Fundamental Signals (11/15/23)-Wells Fargo & Co (NYSE: WFC)


Recent extremely meaningful positive changes in investment behavior have benefitted Wells Fargo & Co (NYSE: WFC): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Important positive changes in fundamentals have recently occurred for Wells Fargo & Co (NYSE: WFC): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

WFC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Wells Fargo has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Wells Fargo has a slightly positive Power Rating of 69 and a very high Appreciation Score of 93, leading to the Highest Value Trend Rating.

Recent Price Action

Wells Fargo & Co (NYSE: WFC) stock increased 1.8% on 11/15/23. The shares closed at $42.84. The stock has been strong relative to the market over the last nine months and has risen 4.4% during the last week.

Be the first to comment

Leave a Reply

Your email address will not be published.