Wells Fargo’s stock (WFC) closed at $79.10, up 1.63% from the previous day, outperforming the S&P 500. Despite a 7.2% loss in the past month, the company is expected to report an EPS of $1.53 and revenue of $21.15 billion, showing a growth trend. Investors should monitor analyst estimates for potential stock price changes. The Zacks Rank system rates Wells Fargo as a Hold with a Forward P/E ratio of 12.95, indicating discounted trading. The Financial – Investment Bank industry, where Wells Fargo belongs, is in the top 3% of industries with a Zacks Industry Rank of 7. This industry performance can be tracked through Zacks.com for informed trading decisions. Access every stock recommendation in Zacks’ private portfolios for just $1 to maximize market opportunities and potential gains. Zacks private portfolio services have closed 256 double and triple-digit winners in 2024 alone, offering a variety of strategies to suit different investing styles. Real-time picks and strategies can help investors profit from the market. Get the latest recommendations from Zacks Investment Research by downloading the 7 Best Stocks for the Next 30 Days report. Wells Fargo & Company (WFC) offers free stock analysis on Zacks Investment Research. This article was originally published on Zacks Investment Research.
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