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MarketScreener Homepage  >  Equities  >  Nyse  >  Wells Fargo & Company    WFC

WELLS FARGO & COMPANY

(WFC)
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Wells Fargo & Company : The stock needs a breather

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11/08/2019 | 11:01am EST
short sell
Live
Entry price : 53.8$ | Target : 51.1$ | Stop-loss : 55.1$ | Potential : 5.02%
Wells Fargo & Company shares could experience selling pressure following the strong increase in its stock price. Over the short term, the stock in fact displays first signs of exhaustion.
Investors should open a short trade and target the $ 51.1.
Wells Fargo & Company : Wells Fargo & Company : The stock needs a breather
Strengths
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
  • The company's attractive earnings multiples are brought to light by a P/E ratio at 11.9 for the current year.

Weaknesses
  • The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
  • Technically, the stock approaches a strong medium-term resistance at USD 56.33.
  • As estimated by analysts, this group is among those businesses with the lowest growth prospects.
  • The company's earnings releases usually do not meet expectations.
  • For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
  • For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
  • For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
  • The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
Ratings chart
Subsector Banks - NEC
1st jan.Capitalisation (M$)Investor Rating
WELLS FARGO & COMPANY16.19%226 524
JPMORGAN CHASE & CO.32.79%407 462
BANK OF AMERICA CORPORATION32.67%295 399
INDUSTRIAL AND COMMERCIAL B..1.62%282 601
CHINA CONSTRUCTION BANK COR..-2.64%202 470
CITIGROUP INC.41.95%161 338
HSBC HOLDINGS PLC-11.93%148 968
BANK OF CHINA LIMITED-6.21%142 733
CHINA MERCHANTS BANK CO.44.60%129 253
ROYAL BANK OF CANADA16.82%117 861
THE TORONTO-DOMINION BANK13.82%104 147
Autres valeurs du secteur

David Meurisse
© MarketScreener.com 2019
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2019 84 338 M
EBIT 2019 29 180 M
Net income 2019 20 012 M
Debt 2019 -
Yield 2019 3,58%
P/E ratio 2019 11,8x
P/E ratio 2020 12,4x
Capi. / Sales2019 2,69x
Capi. / Sales2020 2,83x
Capitalization 227 B
Upcoming event on WELLS FARGO & COMPANY
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 51,30  $
Last Close Price 53,56  $
Spread / Highest target 12,0%
Spread / Average Target -4,23%
Spread / Lowest Target -21,6%
EPS Revisions
Managers
NameTitle
Charles William Scharf President, Chief Executive Officer & Director
Elizabeth A. Duke Independent Chairman
John R. Shrewsberry Chief Financial Officer & Senior Executive VP
Saul van Beurden Head-Technology
Gary Owen Chief Information Security Officer