Wells Fargo & Co. (WFC)’s latest performance is not what we had anticipated

A new trading day began on November 20, 2023, with Wells Fargo & Co. (NYSE: WFC) stock priced at $42.86, down -0.40% from the previous day of trading. During the day, the shares moved up to $42.95 and dropped to $42.51 before settling in for the closing price of $42.96. WFC’s price has ranged from $35.25 to $48.84 over the past 52 weeks.

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Annual sales at Financial sector company slipped by -4.86% over the past five years. Meanwhile, its annual earnings per share averaged 60.50%. With a float of $3.63 billion, this company’s outstanding shares have now reached $3.83 billion.

Let’s look at the performance matrix of the company that is accounted for 238000 employees.

Wells Fargo & Co. (WFC) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Diversified Industry. The insider ownership of Wells Fargo & Co. is 0.13%, while institutional ownership is 75.82%. The most recent insider transaction that took place on Nov 09, was worth 144,270. In this transaction Director of this company bought 3,500 shares at a rate of $41.22, taking the stock ownership to the 4,244 shares. Before that another transaction happened on Mar 16, when Company’s Director bought 77 for $18.85, making the entire transaction worth $1,451. This insider now owns 228 shares in total.

Wells Fargo & Co. (WFC) Performance Highlights and Predictions

In its latest quarterly report, released on 9/29/2023, the company reported earnings of $1.48 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +16.94 while generating a return on equity of 7.17. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.08 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 60.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.67% during the next five years compared to -5.15% drop over the previous five years of trading.

Wells Fargo & Co. (NYSE: WFC) Trading Performance Indicators

Here are Wells Fargo & Co.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.21. Likewise, its price to free cash flow for the trailing twelve months is 4.82.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.64, a number that is poised to hit 1.09 in the next quarter and is forecasted to reach 4.88 in one year’s time.

Technical Analysis of Wells Fargo & Co. (WFC)

Wells Fargo & Co. (NYSE: WFC) saw its 5-day average volume 15.73 million, a negative change from its year-to-date volume of 19.37 million. As of the previous 9 days, the stock’s Stochastic %D was 90.38%. Additionally, its Average True Range was 0.86.

During the past 100 days, Wells Fargo & Co.’s (WFC) raw stochastic average was set at 49.75%, which indicates a significant decrease from 93.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.27% in the past 14 days, which was higher than the 21.96% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $40.94, while its 200-day Moving Average is $41.78. Nevertheless, the first resistance level for the watch stands at $42.99 in the near term. At $43.19, the stock is likely to face the second major resistance level. The third major resistance level sits at $43.43. If the price goes on to break the first support level at $42.55, it is likely to go to the next support level at $42.31. Assuming the price breaks the second support level, the third support level stands at $42.11.

Wells Fargo & Co. (NYSE: WFC) Key Stats

With a market capitalization of 155.40 billion, the company has a total of 3,631,640K Shares Outstanding. Currently, annual sales are 82,859 M while annual income is 13,182 M. The company’s previous quarter sales were 29,845 M while its latest quarter income was 5,767 M.


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