Stocks of Wells Fargo & Co. (WFC) are poised to climb above their peers

With 10.22 million shares changed hands, the volume of the stock remained lighter than its average volume of 17.82 million shares. During the session, the Banks – Diversified company that operates in wider Financial sector, reached to the highest price of $54.33 whereas the lowest price it dropped to was $53.415. The 52-week range on WFC shows that it touched its highest point at $62.55 and its lowest point at $38.38 during that stretch. It currently has a 1-year price target of $63.56. With its current market cap of 182.48 billion, WFC has annualized dividend of $1.45 while the current yield stands at 2.70%. Beta for the stock currently stands at 1.16.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WFC was down-trending over the past week, with a drop of -1.20%, but this was down by -5.48% over a month. Three-month performance dropped to -5.96% while six-month performance fell -5.42%. The stock gained 28.99% in the past year, while it has gained 8.92% so far this year. A look at the trailing 12-month EPS for WFC yields 4.87 with Next year EPS estimates of 5.48. For the next quarter, that number is 1.28. This implies an EPS growth rate of 5.02% for this year and 8.12% for next year. EPS is expected to grow by 8.16% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.48%.

Float and Shares Shorts:

At present, 3.60 billion WFC shares are outstanding with a float of 3.40 billion shares on hand for trading. On 2024-08-30, short shares totaled 36.58 million, which was 106.99999999999999 higher than short shares on 1722384000. In addition to Mr. Charles W. Scharf as the firm’s President, CEO & Director, Mr. Michael P. Santomassimo serves as its Senior EVP & CFO.

Institutional Ownership:

Through their ownership of 0.76682 of WFC’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WFC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.