Wells Fargo & Co. (WFC)

27.95
NYSE : Finance
Prev Close 26.26
Day Low/High 26.84 / 28.26
52 Wk Low/High 22.00 / 54.75
Avg Volume 47.44M
Exchange NYSE
Shares Outstanding 4.10B
Market Cap 107.67B
EPS 4.10
P/E Ratio N/A
Div & Yield 2.04 (8.19%)
Equity-a-Palooza, Bank Stocks, Nasdaq 100 in the Red, Trading Thoughts

Equity-a-Palooza, Bank Stocks, Nasdaq 100 in the Red, Trading Thoughts

Rising U.S.-China tensions continue to weigh, but new home sales and stalled continuing jobless claims may be positive catalysts.

Hopping Aboard Wells Fargo's Beaten-Down Wagon

Hopping Aboard Wells Fargo's Beaten-Down Wagon

This WFC options trade is such a value it is hard to resist.

Buffett and Bank Stocks

Wells Fargo investors will likely be relieved (on Monday) that Berkshire Hathaway sold none of its shares according to its just reported 13-F. (There were vague rumors that Buffett was selling). Berkshire liquidated most of its Goldman Sachs positio...

Traders Back in the Pit, Semiconductors Rising, Judging Bank Stocks

Traders Back in the Pit, Semiconductors Rising, Judging Bank Stocks

NYSE will reopen the floor in a limited way, banks were in the headlines and Semis lead the rise.

Jim Cramer: Let the Froth Wash Out

Jim Cramer: Let the Froth Wash Out

Let's look at the stocks that will get crushed and that you can't touch right now.

Some Takeaways

* Breadth still nasty at 10-1 negative. * No real stability, yet. * Oil down two bits. * Gold +$9. * Bond yields down three to four basis points. * Energy, retail, financials, real estate, gaming, industrials broadly lower. * The only green on my ma...

7 Preferred Stock and Fund Picks for Solid Income

7 Preferred Stock and Fund Picks for Solid Income

The stock market selloff provides an opportunity to pick up preferred shares at steep discounts to their normal values.

Taking the Sausage, Anchovies, and Meatballs Off My PZZA

Down to tag ends on Papa John's - its been a moon shot (but risk now exceeds reward). I am adding further to , , , and today ( +$0.88).

Key Takeaways

I am back - it appears the main line water leak is bigger than I thought (so it will be addressed at 7:30 am tomorrow morning). Today's market action seems so-so, with Qs (Nasdaq) over Ss (S&P). I just added to at $220.35. Though new highs expanded,...

Wells I Declare

"Just one more thing." - Lt. Columbo Wells Fargo declared their dividend of $0.51 for the quarter just now. No surprise here, but some were skeptical that the dividend would be continued at the $2.04 annual rate.

Jim Cramer: No Wonder the Banks Have Been Hit So Hard

Jim Cramer: No Wonder the Banks Have Been Hit So Hard

From the looks of the stocks of the banks, many of which reported excellent quarters, this group is in real trouble.

My New Multi-Group Portfolio Strategy for Trading the Pandemic

My New Multi-Group Portfolio Strategy for Trading the Pandemic

How has my book evolved since the Fed and Treasury rode into town? Here's how.

Interested in Banks? This Type Could Be Vulnerable for Dividend Seekers

Interested in Banks? This Type Could Be Vulnerable for Dividend Seekers

Community banks have already faced challenging times, and now the Covid-19 crisis is adding to the woes.

Kass: Big Money Center Banks Are One of the Most Attractive Areas of the Market

Kass: Big Money Center Banks Are One of the Most Attractive Areas of the Market

There's are several reasons why Kass has been aggressively buying recent weakness in bank stocks.

Today's Trades

I added to the following longs: , , , , and . I sold a portion of my puts.

Divining Earnings, Stunning Rebound, Trading Amazon

Divining Earnings, Stunning Rebound, Trading Amazon

Are the markets ready for a pause in this dramatic rebound? We are several weeks behind Europe in battling this pandemic and U.S. numbers are far worse. Time will tell.

We're Not Putting Stock in the Economy ... We're Putting It in the Fed

We're Not Putting Stock in the Economy ... We're Putting It in the Fed

The market has turned a blind eye to the economic challenges that lie ahead as the focus is on the government's massive creation of liquidity.

Jim Cramer: Don't Mistake the Rally for Cheering

Jim Cramer: Don't Mistake the Rally for Cheering

There is no joy in stockville -- instead we have big companies with stocks rising. Here's why that is and what you need to understand about the rally amid the crisis.

These 3 Earnings Reports Illustrate What We Are Likely to See This Season

These 3 Earnings Reports Illustrate What We Are Likely to See This Season

Earnings season started with a mixed bag of reports.

Large Money Center Banks Represent One of the Most Attractive Areas of the Market Today

* Bank stocks have broken out technically - a good thing (see Rev Shark's comments below) * The fundamental outlook for banks is excellent - an even better thing * The banking industry's excess capital position, the power of its deposit base and abs...

Inflationary Concerns, Banks Report Earnings, Netflix Soars: Market Recon

Inflationary Concerns, Banks Report Earnings, Netflix Soars: Market Recon

I did warn publicly back in another epoch that quantitative easing would lead toward increased consumer level inflation.

Price Action Trumps Logic for Now, but Earnings News Will Likely Shift Sentiment

Price Action Trumps Logic for Now, but Earnings News Will Likely Shift Sentiment

The current market action looks similar to what occurred in mid-February.

Will the Market Say, 'No Guidance, No Problem' This Earnings Season?

Will the Market Say, 'No Guidance, No Problem' This Earnings Season?

In view of the obvious economic issues that the market faces, it is interesting that sentiment is not more negative.

The Virus Remains in Control, Unrealistic V-Shaped Recovery, Trading 2 Stocks

The Virus Remains in Control, Unrealistic V-Shaped Recovery, Trading 2 Stocks

I do think the key to reopening this economy is one of greatly expanded testing for Covid-19, once a reliable treatment has made it past clinical testing, and into mass production.

Can the Fed Fix the Market's Economic Uncertainty?

Can the Fed Fix the Market's Economic Uncertainty?

Forget the issue of a retest of the lows for now and focus on new areas of technical support.

The Death of Capitalism

The Death of Capitalism

The seeds of this government takeover of markets were planted more than a decade ago.

New Buy (and Short) Levels

* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the t...

The Demand and Risks for Loans Under the Paycheck Protection Program

The Demand and Risks for Loans Under the Paycheck Protection Program

Don't get me wrong, something is better than nothing, however, PPP, as large as the numbers sound, won't make a difference if businesses aren't operating again within six weeks.

A Reason to 'Chase'

A Reason to 'Chase'

CEO Jamie Dimon is back and the firm is in good shape, even if times are rough, so I plan to add on weakness.