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)

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...

Wednesday's Takeaways

Something feels "wrong" about this market.  Mr. Market is remarkably bifurcated, there is insane speculation in worthless securities and the breadth seems "shaky" -- among many other issues. I ended the day much shorter than I started the day. Jay P...

It May Be Time for Financials to Consolidate a Bit Now

* The large money center banks are as close to "forever" stocks for me * However, the recent rise in the sector - and near +10% opening print higher - have been almost vertical and some backing and filling would not be a surprise * Indeed, some cons...

My Trade Today Is Sitting on My Hands

My Trade Today Is Sitting on My Hands

Other than taking profits, I'm not interested in putting on new trades.

From The Street of Dreams

This morning Deutsche Bank reduced to hold from buy. When GS traded to $240+ (pre-Covid-19) I profitably sold my entire GS long holdings. As the share price cratered, all the way down to about $135 during the coronavirus scare, I aggressively bought...

You Might Want to Hop on This Wagon

You Might Want to Hop on This Wagon

Here's why I'm watching the banks -- and Wells Fargo -- in particular right now.

Wells Fargo, Lending, and Independent Car Dealerships

"Just one more thing" - Lt Columbo Consistent with my domestic economic concerns in my opening missive, Wells Fargo has just announced that it is cutting back lending to independent car dealerships. The business world is changing under the weight of...

Novice Trade: Wells Fargo

Novice Trade: Wells Fargo

Believe it or not, at some point WFC will be back above $50.

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.