Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Wells Fargo & Company (NYSE:WFC) Revenue for Q4 2022 was $19.66 billion, YoY-5.73%

Wells Fargo & Company (NYSE:WFC) Stock price trend forecast and trading range: Updated to: January 13, 2023 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $40 – $46 Support: $40 resistance: $46 Stop Loss Price: $43 price target: $46 Buy the position again: stop fall Medium-term trend: neutral High sell low buy range: $40 – $46 Support: $40 resistance: $46 Stop Loss price: $42 price target: $46 Buy the position again: stop fall Long-term trend: neutral High sell low buy of range: $40 – $48 Support : $40 resistance: $48 Stop Loss price: $41 price target : $48 Buy the position again: stop fall From Analysis from financial statements: Revenue for the fourth quarter of fiscal 2022 was $19.66 billion, market estimate of $19.95

Wells Fargo & Company (NYSE:WFC) Revenue for Q4 2022 was $19.66 billion, YoY-5.73% Read Post »

Deutsche Bank: Wells Fargo (NYSE:WFC) Price target lowered to $50 Maintain Buy rating

Deutsche Bank analyst Matt O’Connor lowered Wells Fargo’s price target to $50 from $60 and maintained a buy rating on the stock. The analyst believes that it seems likely that US bank stocks will continue to hit new lows. He assumed that bank stocks would trade below their historical range of 60%-80%, saying bank earnings may have peaked. He also believes that in the event of a recession, rising reserves and valuations pose downside risks.

Deutsche Bank: Wells Fargo (NYSE:WFC) Price target lowered to $50 Maintain Buy rating Read Post »

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