Investors may find better financial performance in Wells Fargo & Company (WFC)

At the time of writing, Wells Fargo & Company [WFC] stock is trading at $43.43, up 1.12%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WFC shares have gain 5.08% over the last week, with a monthly amount glided 2.26%, and seem to be holding up well over a long-time horizon.

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On 18, September 2023, Rebuilding Together Announces $1.4 Million Grant From Wells Fargo to Repair Homes in Distressed Neighborhoods. In a post published today on Yahoo Finance, The Wells Fargo Foundation has awarded $1.4 million in grants to Rebuilding Together, the leading national nonprofit organization repairing the homes of people in need and revitalizing communities nationwide. Through the 2023 Wells Fargo Builds program, this effort will support essential home repairs and safety modifications for up to 90 homes in 49 communities across the U.S. for veterans, older adults and other neighbors in need.

From an analyst’s perspective:

Wells Fargo & Company [NYSE: WFC] stock has seen the most recent analyst activity on September 07, 2023, when HSBC Securities initiated its Hold rating and assigned the stock a price target of $45.

For the past year, the stock price of Wells Fargo & Company fluctuated between $35.25 and $48.84. Currently, Wall Street analysts expect the stock to reach $50.48 within the next 12 months. Wells Fargo & Company [NYSE: WFC] shares were valued at $43.43 at the most recent close of the market. An investor can expect a potential return of 16.23% based on the average WFC price forecast.

Analyzing the WFC fundamentals

According to Wells Fargo & Company [NYSE:WFC], the company’s sales were 20.83 billion in the recent quarter, which represents an 80.30% jump. In the same period, the company’s revenue per employee was $403,483, whereas its income per employee was $55,387. To continue investigating profitability, this company’s Return on Assets is posted at 0.68, Equity is 7.17, Total Capital is 16.30, and Invested Capital is 3.91. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 56.16 and enduring liabilities to the whole assets at 12.12.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.93 points at the first support level, and at 42.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.76, and for the 2nd resistance point, it is at 44.10.

Wells Fargo & Company [WFC] reported earnings per share of $1.25 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.15/share, meaning a difference of $0.1 and a surprise factor of 8.70%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $1.23 per share as compared to estimates of $1.13 per share, a difference of $0.1 representing a surprise of 8.80%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 1.65, the price to book ratio is 0.99 and the P/E (TTM) ratio is 10.83.

Transactions by insiders

Recent insider trading involved Norwood Felicia F, Director, that happened on Mar 16 when 77.0 shares were purchased. Sr. Executive Vice President, Santos Kleber completed a deal on Feb 23 to sell 34698.0 shares. Meanwhile, Sr. EVP and General Counsel Patterson Ellen R sold 2.0 shares on Dec 22.