Alert: Positive Investment/Fundamental Signals (12/14/23)-Wells Fargo & Co (NYSE: WFC)


Recent extremely meaningful positive changes in investment behavior have benefitted Wells Fargo & Co (NYSE: WFC): positive upside/downside volume developed, its longer term price trend turned up, and the stock rose on very heavy volume.

Wells Fargo & Co (NYSE: WFC) has recently enjoyed significant positive changes in fundamentals: 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’s future returns on capital are forecasted to exceed 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Wells Fargo has a good Power Rating of 82 and a very high Appreciation Score of 92, with the Highest Value Trend Rating the result.

Recent Price Action

On 12/14/23, Wells Fargo & Co (NYSE: WFC) stock enjoyed a very large increase of 5.8%, closing at $50.51. Moreover, this advance was accompanied by exceptionally high trading volume at 245% of normal. The stock has risen 13.5% during the last week and has been strong relative to the market over the last nine months.

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