Wells Fargo & Co (NYSE: WFC). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Important positive changes in Wells Fargo & Co (NYSE: WFC) fundamentals have recently occurred: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings 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’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Wells Fargo has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Wells Fargo has a good Power Rating of 79 and a very high Appreciation Score of 92, leading to the Highest Value Trend Rating.
Recent Price Action
Wells Fargo & Co (NYSE: WFC) stock closed at $45.12 on 12/4/23 after a slight gain of 0.2%. Trading volume in this advance was normal. The stock has risen 5.1% during the last week and has been strong relative to the market over the last nine months.
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