Wells Fargo & Company (WFC)

45,94
NYSE
Prev Close 46,50
Day Low/High 45,73 / 46,85
52 Wk Low/High 20,76 / 48,13
Exchange NYSE
Shares Outstanding 4106.41B
Market Cap 190.95B
P/E Ratio 77,80
Div & Yield N.A. (N.A)

My Strategy in the Age of Robinhood

* Many have been (incorrectly) dismissive of the broader investment ramifications of the recent and wanton speculation in gewgaws of all shapes * I have been shorting rips and buying dips in a heightened regime of volatility * Color me bearish * I s...

A Summary of This Afternoon's Trading

"Just one more thing." - Lt. Columbo   I have my hands full with quite a lot of business projects I am working on (including a new hedge fund).   I was actively trading -- before and after leaving my office this afternoon -- and I want to alert you ...

Don't Know Much About History... Don't Know Much Biology

* Respect different approaches of delivering trading and investing profits * "Get it while you can" but recognize that speculation has now formed a lengthy convoy * The magnitude of recent speculative activity, based on history, may result in a shor...

The Expected Drop in Bank Stock Prices May Have a Bit More to Go

* We have already experienced a -5% to -10% share price decline from last Thursday  One week ago today I also warned on banks - writing that the setup into the current reporting period was poor.  I argued that at least a -10% drop in the group could...

Jim Cramer: 3 Big Takeaways for Investors From Bank Earnings Calls

Jim Cramer: 3 Big Takeaways for Investors From Bank Earnings Calls

The consumer continues to de-leverage at an extraordinary pace -- and the ramifications of this are extraordinary.

I'm Not Selling My Wells Fargo, I Plan to Add, But Must Be Patient

I'm Not Selling My Wells Fargo, I Plan to Add, But Must Be Patient

Why am I even in the name? Basically, for a belief that CEO Charles Scharf is the right leader to turn this bank around.

Deceptive Thursday, Biden's Grand Plan, Powell's Perspective, Earnings Begin

Deceptive Thursday, Biden's Grand Plan, Powell's Perspective, Earnings Begin

Plus, a look at the unusual chart pattern of Chegg Inc. and what it may mean.

The Easy Money Has Been Made in Banks

* The setup into the current reporting period is poor * With bank stocks elevated, in-line to slightly lower reports, relative to consensus expectations, could modestly disappoint traders and investors - particularly if my market concerns pan out * ...

From The Street of Dreams

UBS upgrades Wells Fargo from neutral to overweight.  Back in early 2020 I suggested that with rising bank prices, analysts would return to a more favorable assessment of the space.  I also wrote that the same technical analysts that were bearish on...

Wells Fargo Raised to Buy at UBS

The Week That Was, Q4 Earnings Expectations, Key Investor and Healthcare Events

The Week That Was, Q4 Earnings Expectations, Key Investor and Healthcare Events

This Friday several banks begin the unofficial kickoff of 'earnings season'.

Rich Guys' Romp, a Breach of Self-Discipline, Trump Countdown, Small-Caps Sizzle

Rich Guys' Romp, a Breach of Self-Discipline, Trump Countdown, Small-Caps Sizzle

Plus, a preview of the coming Consumer Electronics Show and quick news hits on Micron and Boeing.

Wells Fargo Raised to Buy at Jefferies

Initial Returns of These 12 Losers From 2020 Aren't Spectacular but Are OK

Initial Returns of These 12 Losers From 2020 Aren't Spectacular but Are OK

There is one standout performer among this portfolio of a dozen stocks that struggled last year, but most haven't moved all that much after just a month.

Small Sales

I am making small sales in , , and now as the magnitude of the spike higher this morning seems a bit extreme.  The banks are as close to "forever" holdings for me and I am planning to keep them medium-sized - albeit less than I started the day with!...

Markets React to Georgia Elections, Banks and Industrials to Gain, Oil Reduced

Markets React to Georgia Elections, Banks and Industrials to Gain, Oil Reduced

I will have to give some of my favorite tech names a haircut in the name of balance. Hopefully everyone gained some exposure to gold.

Is Micron Back? Let's See How I'll Play It

Is Micron Back? Let's See How I'll Play It

Can we trust MU this time? Is it too late to hop on board?

Out of XLF!

I have eliminated my long (bank/financial ETF) today in keeping with what I wrote 12 days ago:  Dec 18, 2020 ' 06:09 PM EST DOUG KASS Taking Off Some From Bank Holdings in the After Hours * The share repurchase news may mark a near-term top in the b...

Kass: Here Are My 15 Surprises for 2021

Kass: Here Are My 15 Surprises for 2021

2021 could be a year in which the S&P Index shows little movement in the first half, but market pressures might mount over the last six months.

My 15 Surprises for 2021

* In 2020 (despite broad February-March weakness) equities rose faster, valuations expanded far greater, and interest rates fell sharper than the consensus expected * 2021 could be a year in which the S&P Index shows little movement in the first hal...

Why Now, Doug?

"Ch-ch-changes Ooh, look out, you rock 'n' rollers Ch-ch-ch-ch-changes Turn and face the strange Ch-ch-changes Pretty soon now you're gonna get older Time may change me But I can't trace time I said that time may change me But I can't trace time" - ...

Price Is Not Truth

* Bank stocks, in 2020, were an example of this * And so was the S&P Index this year   "The best lack all conviction, while the worst/Are full of passionate intensity." - William Butler Yeats I knew it would happen, I wrote it would happen. Price is...

Santa Claus Rally Explained, Leaders & Losers, Peak Housing?, My Holiday Message

Santa Claus Rally Explained, Leaders & Losers, Peak Housing?, My Holiday Message

Do you hear what I hear? Check the guy on your left. Check the gal on your right. Check the house across the street. They may need something that you can provide.

Recommended Reading

From Whitney Tilson's "Daily":  For the last couple of months, my friend Doug Kass of Seabreeze Partners and I have been pounding the table on bank stocks, which have been ripping higher lately... They did so again yesterday after this news broke on...

The Fed, Banks, and How I'm Trading JP Morgan

The Fed, Banks, and How I'm Trading JP Morgan

Beyond JPM, here are the banks I have my eye on.

First of Long Island Is a High-Yield Hidden Gem

First of Long Island Is a High-Yield Hidden Gem

Investors should not be too quick to dismiss small-cap dividend payers.

Taking Off Some From Bank Holdings in the After Hours

* The share repurchase news may mark a near-term top in the banking sector For the first time in almost a year, I am scaling back some of my bank stock holdings now -- in after-hours trading.   Though a bit unexpected (from the standpoint of timing)...

I Remain Bearish in Market Outlook

Though market breadth is still 2-1 (positive) I see developing pockets of concern and weakness. Most conspicuously, growthy FAANG has already reversed and the Nasdaq is well off the morning high. Tesla is even down on the day! Though banks remain up...

Well, Well, Wells

Wells Fargo raised to outperform at Keefe with a $36 price target.

Wells Fargo Raised to Outperform at KBW