In its upcoming report, Wells Fargo (WFC) is predicted by Wall Street analysts to post quarterly earnings of $1.34 per share, reflecting an increase of 3.9% compared to the same period last year. Revenues are forecasted to be $20.49 billion, representing a year-over-year increase of 0.1%. Over the last 30 days, there has been an upward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initia ...

Wells Fargo & Company (WFC) is slated to report fourth-quarter 2024 results on Jan. 15, 2025, before market open. Among Wells Fargo’s close peers, JPMorgan (JPM) and Citigroup Inc. (C) are also slated to announce quarterly numbers on Jan. 15. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.WFC’s third-quarter performance benefited from higher non-interest income.  However, the decrease in net interest income (NII) was spoilsport. This time, we believe the company’s performance will ...

Wells Fargo has reportedly hired the former head of JPMorgan Chase’s branded credit card business, Ed Olebe, to lead its own credit card business.Olebe left JPMorgan Chase late last year, was succeeded in his position at that bank by Chris Reagan, and will take over for Ray Fischer at Wells Fargo upon Fischer’s retirement, the Wall Street Journal (WSJ) reported Thursday (Jan. 9).Neither Wells Fargo nor JPMorgan Chase immediately replied to PYMNTS’ request for comment.Growing the credit card business has bee ...

I believe in fundamental analysis and disciplined market research. I have strong quant background with a Ph.D. (Chemical Engineering, University of California, Santa Barbara) in model predictive control and an MBA (Jones School of Business, Rice University). My primary focus is to identify 1) small cap companies with strong fundamentals and growth potential, 2) large cap companies going through temporary set-backs, and 3) stable companies with solid dividend yields and growth potential.Analyst’s Disclosure: ...

Adding Wells Fargo & Company (WFC) stock to your portfolio seems to be a wise idea now, given the strength in the company’s fundamentals and solid prospects. Moreover, a strong balance sheet position keeps it well poised for growth.The Zacks Consensus Estimate for Wells Fargo’s 2024 and 2025 earnings have been revised upward over the past 30 days, indicating that analysts are optimistic regarding its earnings growth potential.Estimate Revision TrendImage Source: Zacks Investment ResearchOver the past six mo ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Wells Fargo (WFC) .Wells Fargo currently has an average brokerage recommen ...

The stock market was having a generally strong day to start the week, with the S&P 500 up by about 0.6% as of 2:45 p.m. EST. However, the financial sector was performing significantly better, especially when it comes to the big banks. Wells Fargo (WFC 1.38%) was a particular standout, with shares up by as much as 3% on Monday.A big regulatory move for banksThere isn't a company-specific reason for the strong performance. Instead, the move is being fueled by the announcement that the Federal Reserve's top ba ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Wells Fargo (WFC) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock ...

ABR与Zacks Rank的区别 - ABR仅基于经纪商的推荐计算 通常以小数形式显示 例如1 28 而Zacks Rank是一个定量模型 允许投资者利用盈利预测修正的力量 以整数1到5显示 [1] - ABR可能不是最新的 而Zacks Rank由于经纪商分析师不断修正盈利预测以反映变化的业务趋势 因此总是及时预测未来股价 [2] - 尽管ABR和Zacks Rank都以1到5的范围显示 但它们是不同的衡量标准 [10] Wells Fargo的盈利预测与评级 - Wells Fargo的Zacks Consensus Estimate在过去一个月增加了0 3% 达到5 28 [3] - 最近共识估计的变化大小以及其他三个与盈利估计相关的因素 导致Wells Fargo获得Zacks Rank 2 买入 [4] - Wells Fargo目前的平均经纪商推荐 ABR 为1 84 在1到5的范围内 接近强买入和买入之间 基于25家经纪商的实际推荐计算 [15] - 在25个推荐中 14个是强买入 1个是买入 分别占所有推荐的56%和4% [16] 经纪商推荐的可靠性 - 经纪商推荐在指导投资者选择具有最大价格升值潜力的股票方面几乎没有成功 [7] - 由于经纪商在覆盖股票中的既得利益 他们的分析师倾向于以强烈的正面偏见进行评级 经纪商每发布一个强卖出推荐 就会发布五个强买入推荐 [8] - 经纪商雇佣的分析师过于乐观 由于雇主的既得利益 这些分析师发布的评级比他们的研究支持的更有利 误导投资者的次数多于帮助他们的次数 [11] Zacks Rank的有效性 - Zacks Rank是一种专有的股票评级工具 具有令人印象深刻的外部审计记录 将股票分为五组 从Zacks Rank 1 强买入 到Zacks Rank 5 强卖出 是股票近期价格表现的有效指标 [9] - 盈利预测修正是Zacks Rank的核心 实证研究显示盈利预测修正趋势与近期股价走势之间存在强相关性 [19] - Zacks Rank的不同等级在所有股票中按比例应用 保持其分配的五种等级之间的平衡 [12] Wells Fargo的投资价值 - 分析师对公司盈利前景的日益乐观 表明他们一致同意提高EPS预测 这可能是该股在短期内飙升的合理原因 [13] - Wells Fargo的买入等效ABR可能作为投资者的有用指南 [14]

Wells Fargo (WFC) closed the latest trading day at $70.81, indicating a -1.63% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.39% for the day. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq decreased by 0.32%.Shares of the biggest U.S. mortgage lender witnessed a loss of 2.85% over the previous month, trailing the performance of the Finance sector with its gain of 0.19% and the S&P 500's gain of 3.6%.The inv ...