Wells Fargo & Company (WFC)

28.46
0.13 0.45
NYSE
Prev Close 28.59
Open 28.59
Day Low/High 28.18 / 28.63
52 Wk Low/High 20.76 / 54.75
Volume 20.28M
Exchange NYSE
Shares Outstanding 4134.49B
Market Cap 118.21B
P/E Ratio N/A
Div & Yield N.A. (N.A)

SPY and More

- I am bidding for out of the money puts now with an expiration within one month. - Adding to and again this morning. - I tried to short some on the ramp into positive territory - but just missed the trade.    

WFC Add

Adding to Wells Fargo at $24.90 now.

Berkshire Hathaway Makes Moves in Banks and Gold

* Buffett clearly remains cautious about the overall markets * Neither the purchase of a gold stock or some reductions in Berkshire's bank holdings seem meaningful * Here is why...  This weekend Berkshire Hathaway announced the changes in its portfo...

Jim Cramer: Follow the Lead of Elon Musk and Tim Cook: Split

Jim Cramer: Follow the Lead of Elon Musk and Tim Cook: Split

Both Apple and Tesla are chopping shares into pieces, which will let individual investors have a shot at buying them.

The Reports of the Banking Industry's Death Are Greatly Exaggerated

* Between Monday and Wednesday Berkshire Hathaway lifted its Bank of America stake by 34 million shares (to 982 million shares) * BAC is my second favorite bank stock "The reports of my death are greatly exaggerated." - Mark Twain Following a rumor ...

My Bunny Had a Good Nose Yesterday

Yesterday afternoon I opined (in "Is Today a Short-Term Peak In 'At Home' Plays?") that the abrupt and sizable move higher in Amazon , Netflix , Zoom , Shopify , and other at home equities was reminiscent of the short-term peak in bank stocks on Jun...

JP Morgan West?

The new Wells Fargo team, many from JP Morgan , is getting stronger and stronger.  

Is Today a Short-Term Peak in 'At Home' Plays?

* The abrupt move higher is reminiscent of the short-term peak in bank stocks on June 5 On a Friday in early June (5th), I vividly remember that bank stocks gapped higher (e.g., on that day traded at $33.89/share). I suggested at the time that the g...

Jim Cramer: Non-Traditional Banks Are Starting to Pull Away From the ETFs

Jim Cramer: Non-Traditional Banks Are Starting to Pull Away From the ETFs

Overall, the banks failed you again. But the future for two of them is much brighter than the past.

Bank of America Remains Attractive

* BAC is my second favorite bank stock  BAC reported second quarter profits of $0.37/share, well above consensus of $0.29.  The EPS upside was due to a lower than expected loan loss provision ($3.6 billion) and a reduced tax rate - not optimal, from...

Don't Bank on Banc of California's Dividend Staying Intact

Don't Bank on Banc of California's Dividend Staying Intact

The bank was turning in disappointing performances before Covid-19 hit, and the impact of the virus may only make things tougher.

Who Ya Gonna Believe, Them or the Markets' Seductive Lying Eyes?

* Look to the ground (as bank managements are), not to the sky * Most investors should consider taking a "time out" and maintain above average cash reserves  "Who ya gonna believe, me or your lying eyes?" - Groucho Marx, Duck Soup   While the focus ...

Jim Cramer: I Think Goldman Sachs Is an Amazing Buy

Jim Cramer: I Think Goldman Sachs Is an Amazing Buy

The fact that Goldman can make this much money in this environment is extraordinary. It's too cheap.

Jim Cramer: Here's My Sore Thumb Index

Jim Cramer: Here's My Sore Thumb Index

This is how you can tell which camp is winning and which is losing in this time of Covid-contradiction.

Wells Fargo's Stagecoach Could Sink Further in the Days Ahead

Wells Fargo's Stagecoach Could Sink Further in the Days Ahead

The bank giant has been weak for a long time now and the charts do not suggest a turnaround at this point, especially after a bottom-line miss.

Citigroup and Wells Fargo

Citigroup's results, much like that of JPMorgan , shows a nice beat. Wells Fargo , not surprisingly, disappoints. I will have more on both - but I have to digest and go thru a series of conference calls.

The Case for Bank Stocks Remains Strong and Intact

* Bank stocks, viewed as intermediate term investments, are now uncommonly cheap * My June 5 expectation for "backing and filling" in the group has been realized * This week's EPS reports could mark the industry's nadir in operating fundamentals * G...

We'll Be Checking on These Corporate Earnings Next Week

Next week the June quarter earnings season maelstrom kicks off with 115 companies, including 32 S&P 500 constituents, reporting their latest quarterly results. In recent days we've seen a number of companies up their outlook for the quarter but we'v...

Deflation or Inflation - Where Are We Exactly?

Deflation or Inflation - Where Are We Exactly?

The Fed, as much as it would like, cannot print a vaccine nor change human psychology.

Now at the Plate, Your Pinch Hitter, Chris Versace

Good morning, one and all, I'm Chris Versace, back at it again filling in for Doug as U.S. equity futures currently point to a move lower when domestic stock markets open later here on Friday morning.  Overnight, Taiwan Semiconductor reported its Ju...

Gettin' Comfortable on the Wells Fargo Wagon

I added to Wells Fargo at $25.40 in the after hours after the expected dividend-cut announcement.

Jim Cramer: Think This Can Go on Forever? Don't Bank on It

Jim Cramer: Think This Can Go on Forever? Don't Bank on It

Wells Fargo, Citigroup and JPMorgan Chase report on July 14, and they will do so at a time when a large group of people are unlikely to make rent.

Covid-19 Complications, Grocery Store-y, More on Moderna: Market Recon

Covid-19 Complications, Grocery Store-y, More on Moderna: Market Recon

Plus, a closer look at Thursday's late-day rally and at actions impacting the nation's big banks.

Let's Try a Volatility Play in Wells Fargo

Let's Try a Volatility Play in Wells Fargo

WFC has its problems, but think about this in the last month: The stock has been as high as $34, and as low as $22.

The Fed

* An ideal short selling entry point lies ahead There was an over reaction - that continues this morning in the futures market - to the Fed's purchase of corporate bonds which was previously explicitly announced. There was no new money announced, ju...

Wells Fargo: What's a Dividend Investor to Do?

Wells Fargo: What's a Dividend Investor to Do?

The bank has an attractive 7.6% yield, but uncertainty lurks.

Were You Long-ing for This Kind of Day?

Were You Long-ing for This Kind of Day?

While Thursday's major change of character should give pause, you could be slowly building a long-term position and view this drop as an opportunity to add a small piece to that trade.

An Explanation of Wells Fargo's Challenges and My Bank Stock Strategy

* I remain bullish on banks * Wells Fargo is attractive * The back and filling I expected last Friday is now happening One of the market issues I mentioned this morning was the appearance and comments of Wells Fargo CFO John Shrewsberry at Morgan St...