Wells Fargo & Co. (WFC)

45.30
1.41 3.02
NYSE : Finance
Prev Close 46.71
Open 46.72
Day Low/High 45.22 / 46.97
52 Wk Low/High 43.02 / 59.52
Volume 37.52M
Avg Volume 18.71M
Exchange NYSE
Shares Outstanding 4.49B
Market Cap 212.85B
EPS 4.30
P/E Ratio 10.48
Div & Yield 1.80 (3.73%)
Investors Look Ahead to Big Corporate Earnings Next Week

Investors Look Ahead to Big Corporate Earnings Next Week

JPMorgan Chase, Wells Fargo and Netflix are just some of the companies reporting next week.

The Deteriorating Outlook for Global Economic and U.S. Corporate Profit Growth Will Likely Act as a Headwind to Stocks From Here

* The fundamentals are bad and getting worse * Expectations remain far too optimistic * Reward v. risk no longer attractive * S&P cash stands at 2590 against a "fair market value" of 2400-2500 Even before Fed Chair Powell delivered his more dovish m...

Oh the Wells Fargo Settlement Is a Comin'

Wells Fargo  is getting some better news for a change. I'm long on the name.  

Here's How to Panic in a Very Smart Way

Here's How to Panic in a Very Smart Way

The smart way to panic is to remove any trace of financial systemic risk from your portfolio.

Stocks in My Pension Plan

Here is a list of stocks I own in my pension plan:  ,   ,   ,   ,   ,   ,   ,   ,   ,  .

Looking Ahead

S&P futures are trading about 45 handles above the day's lows. In my view, we are headed to a year-end rally. Many investors are justifiably fearful but I expect (and am hopeful) that when we look back a month from now many may rue that they didn't ...

I Am Personally Buying Stocks Now

For about two years my personal pension plan has been entirely in short term Treasuries. This morning I abandoned that strategy and I have taken positions (on the opening) in the following stocks: , , , , and . I have no current intention of trading...

Here's Why Bank Stocks Are Sinking Today

Here's Why Bank Stocks Are Sinking Today

Wake up and smell what the Fed is cooking and lower the amount of your portfolio allocated to stocks.

Establishing Longs

I just established the following longs (in a new managed account): Square $64.96, Goldman Sachs $185.57, Wells Fargo $52.29, Citigroup $62.52, and Bank of America $27.19.

Kass: I View Deutsche Bank as the Next Black Swan in Europe

Kass: I View Deutsche Bank as the Next Black Swan in Europe

DB's shares hit another new low overnight.

Deutsche Bank's Woes are a Positive for U.S. Money Center Bank Stocks

* Large U.S. banks are rapidly gaining share in fixed income trading and retail and corporate lending Deutsche Bank's shares have hit another new low overnight. As I have written in the past, I view as the next Black Swan in Europe: "Like Sears , De...

Today's Trades

I have added to the following longs: , , and .

Jim Cramer: Time for the Fed to Do One and Wait

Jim Cramer: Time for the Fed to Do One and Wait

Here's how Jerome Powell can stand down after this hike and not compromise the independence of the Fed.

A Look Back on My Trading Week

Of the trading long rentals I took in the market's schmeissing earlier in the week, only a small position in Cisco remains. I expect to continue to hold the add-ons in Twitter , Citigroup , Bank of America , JPMorgan Chase and Wells Fargo . (These a...

Warren Buffett Gives Bank Stocks His Imprimatur

As mentioned on Wednesday, despite already sizable holdings, Warren Buffett's Berkshire Hathaway purchased nearly $14 billion of financial services equities in the most recent quarter: * Bank of America (198 million shares, $5.7 billion) * JPMorgan ...

Brexit Blues and Fed Follies: Market Recon

Brexit Blues and Fed Follies: Market Recon

Investors still fear missing out on a significant year-end rally, despite earnings that appear to be at peak levels and an economy that appears to have reached peak growth.

The Oracle of Omaha Buys JPMorgan

* And puts his imprimatur on the U.S. money center bank stocks "One last thing." -- Lt. Columbo After the close, Berkshire Hathaway announced a new investment position in JPMorgan Chase . Normally I would view this as a non-event but I see this as r...

I Am Poised to Move Back to a Large Short Position

As the market broke down late last month I penned a column, "A Contrarian's Thoughts" (while I unemotionally took on a number of trading long rentals based on the expectation of a possible rally in the S&P Index towards 2800-2850):  "The pessimism i...

Jim Cramer: As Election Bets Unwind, We Could See the Bulls in Action

Jim Cramer: As Election Bets Unwind, We Could See the Bulls in Action

Money managers must now unwind any wrong bets over the election, so expect the next few days to see a fair amount of action.

A Shopping List of Possible Buys

I am not making a long purchase today.  But if you don't share my ursine market view I would consider the following at current prices: , , all banks ( , , and ), retail ( and ), and .

Market Observations

* Trading unemotionally and opportunistically I aggressively bought into the very large sell program at about 3-3:30 p.m. All I can write is that it was a wild day with possibly one of the largest intraday moves I have ever seen.   These sort of spa...

Whither Bank Stocks?

* I am aggressively using the current weakness in bank stocks to expand my long investment positions * In a fairly valued market, banks represent uncommon value * Bank stocks may be among the best long hedge (I know of) as viewed and measured agains...

Wells Fargo Boosts Share Buyback Program

Break in. Wells Fargo boosts their share buyback program by an additional 350 million shares.  

Bank Buys Today

My largest buys today were in Bank of America , Citigroup , JPMorgan and Wells Fargo .

Jim Cramer: The Move Out of Regional Banks Is Fed-Fueled

Jim Cramer: The Move Out of Regional Banks Is Fed-Fueled

The shift from regional to national banks is stark.

Reiterating a Bullish Long Term Thesis on the Banks

*In a richly valued market banks represent uncommon value I have been following banks and other financial stocks for 40 years. I believe I have "Street Cred" as back in the early 1970s (while getting my MBA at Wharton), as a "Nader Raider" I co-auth...

U.S. Stock Futures Weaken as Global Markets Slide on Saudi Tensions

U.S. Stock Futures Weaken as Global Markets Slide on Saudi Tensions

U.S. stocks look set for another volatile session Monday as investors re-set prices in markets all over the world amid amid escalating tensions between Washington and Riyadh over the death of a prominent Saudi journalist in Turkey last month as well as renewed concerns for trade disputes between the U.S. and its major economic partners.

Real Money Rewind: The Big Banks, 2009 to Now

Real Money Rewind: The Big Banks, 2009 to Now

A look back at one of the darkest hours to contextualize Friday's market volatility.

Wells Fargo Reports Decline in Deposits, Loans

Wells Fargo Reports Decline in Deposits, Loans

Wells Fargo beat on quarterly revenue but missed on earnings per share.

A Big Oversold Bounces Kicks In, but Bank Earnings Reports Are Key

A Big Oversold Bounces Kicks In, but Bank Earnings Reports Are Key

The good news about a bounce like we are seeing this morning is that it helps create some obvious technical levels.