Wells Fargo & Co (WFC)

WFC (NYSE:Banking) EQUITY
$49.98
pos +0.00
+0.00%
Today's Range: 49.68 - 50.46 | WFC Avg Daily Volume: 19,802,900
Last Update: 04/29/16 - 4:01 PM EDT
Volume: 0
YTD Performance: -8.06%
Open: $0.00
Previous Close: $50.41
52 Week Range: $44.50 - $58.77
Oustanding Shares: 5,076,712,397
Market Cap: 255,917,071,933
6-Month Chart
TheStreet Ratings Grade for WFC
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 10 10 11 11
Moderate Buy 4 4 4 4
Hold 6 5 6 6
Moderate Sell 0 0 0 0
Strong Sell 2 1 0 0
Mean Rec. 2.09 1.90 1.76 1.76
Latest Dividend: 0.38
Latest Dividend Yield: 3.02%
Dividend Ex-Date: 05/04/16
Price Earnings Ratio: 12.39
Price Earnings Comparisons:
WFC Sector Avg. S&P 500
12.39 12.40 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-0.50% -9.88% 31.94%
GROWTH 12 Mo 3 Yr CAGR
Revenue 1.90 0.00 0.00
Net Income -1.40 0.20 0.06
EPS 0.60 0.20 0.07
Earnings for WFC:
EBITDA 49.74B
Revenue 90.03B
Average Earnings Estimates
Qtr (06/16) Qtr (09/16) FY (12/16) FY (12/17)
Average Estimate $1.03 $1.06 $4.15 $4.43
Number of Analysts 11 10 13 11
High Estimate $1.08 $1.15 $4.37 $4.86
Low Estimate $0.99 $1.00 $3.93 $3.83
Prior Year $1.03 $1.05 $4.15 $4.15
Growth Rate (Year over Year) -0.18% 1.14% -0.02% 6.68%
Chart Benchmark
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High-profile disappointments aren't as disappointing as they used to be.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar weakened. Crude oil rose by $1.22 to $41.00. Nat gas was up by sixteen cents. Gold rose by $18.70 to $1,253. Silver was up by 70 cents. More upside action in agricultural chemicals, with Potash (POT) up $1.20. Wheat +11.50, corn +3.50, soybeans +28.50 and oats +5.25. Lumber was +6.40. Bonds dropped a bit in price, and were slightly higher in yield. The 10-year U.S. note yield rose by one basis point to 1.78% and the long bond by a similar amount and yields 2.59%. Municipals down slightly; closed-end muni funds' rapid advance dissipated late in the day ... finally! High yield was well-bid. iShares iBoxx High Yield Corporate Bond ETF (HYG) was up 36 cents and SPDR Barclays High Yield Bond ETF (JNK) was up 15 cents. Blackstone/GSO Strategic Credit Fund (BGB) was three cents lower; I am out of the name now. Banks exploded to the upside, led by JPMorgan Chase (JPM), Wells Fargo (WFC) and Comerica (CMA), all up by over a beaner. Life insurance advanced again, though my long Hartford Financial Services Group (HIG) lagged. Brokerages were up, led by Morgan Stanley (MS), up 64 cents, and Goldman Sachs (GS), up $3.65. Retail was quiet. Home Depot (HD) was a downside leader, off $1.50. Lowe's (LOW) was weak, too. Old tech got IBM'd, with IBM (IBM) down $8.50. Staples were broadly higher, led by long Procter & Gamble (PG), up 50 cents. Old media was mixed. Comcast (CMCSA) was lower but Disney (DIS) led the parade. Autos were strong, continuing the Barron's push over the past weekend. Ford (F) was up 15 cents and General Motors (GM) up 65 cents. Oils responded to better commodity pricing. Schlumberger (SLB) was the league leader, up $1.70. Biotech and the rest of the Nasdaq were conspicuously to the downside. iShares Nasdaq Biotechnology ETF (IBB) was down 1.66%. Allergan (AGN) is still recovering (up $4.50) and my former biotech basket got hit, but not materially so. (T)FANG weakness was also obvious, though Facebook (FB) had a late-day kick save. NOSH was mixed. So was CRABBY. In individual stocks, Twitter (TWTR) was a poor actor. On the other hand, fav long DuPont (DD) was strong, up $1.15. Here are some great posts on RealMoneyPro today: Some oil vey from Jim "El Capitan" Cramer.  Tim "Not Phil or Judy" Collins on some overnight trade ideas.  And also from Tim, some SPY-ing.  RevShark on
This trade is closed with a net gain of $0.70 per spread.
SoCal will be the testing ground for Fannie Mae's new nonperforming mortgage resolution guidelines.
Bank stocks saw mixed first-quarter results. 
This will still be fourth quarter in a row that profits have declined year over year.
Continuing loan-loss-provision increases. Difficult capital markets (i.e., slow transaction activity and a weak IPO market). Softer merger-and-acquisition activity, hurt by political and geopolitical events, as well as the Justice Department's recent actions against
The Democratic presidential candidate's comments feed into one analyst's thesis that political risk continues to grow for the biggest banks.
Citigroup, JPMorgan and Wells Fargo showed that the banking sector could still post solid earnings, even in a low interest rate environment.

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Mine and many other reviews of the meeting coming Monday, but the quick highlights to whet your appetite: 1)...

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