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Wells Fargo & Company (WFC-PY)

NYSE - NYSE Delayed price. Currency in USD
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23.82+0.36 (+1.56%)
At close: 03:59PM EDT
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  • d
    Wells Fargo is undergoing a major transformation under CEO Charlie Scharf. But controversies and layoffs continue to dog the bank. ................. Business Insider ................. 6-23-22

    --> Wells Fargo has laid off some employees and fired others in its mortgage division.

    --> It's also faced scrutiny over lending and hiring practices.

    --> Here's the latest on what's happening at the bank, and how its CEO is changing its leadership ranks.
  • T
    Investors in Wells Fargo have unfortunately lost 16% over the last 5 years / Simply Wall St. / June 20, 2022

    For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio, there will be mixed results between individual stocks. So we wouldn't blame long term Wells Fargo & Company (NYSE:WFC) shareholders for doubting their decision to hold, with the stock down 27% over a half decade. It's down 28% in about a quarter. Of course, this share price action may well have been influenced by the 19% decline in the broader market, throughout the period.

    Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business.

    To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

    While the share price declined over five years, Wells Fargo actually managed to increase EPS by an average of 4.7% per year. So it doesn't seem like EPS is a great guide to understanding how the market is valuing the stock. Alternatively, growth expectations may have been unreasonable in the past.

    By glancing at these numbers, we'd posit that the the market had expectations of much higher growth, five years ago. Looking to other metrics might better explain the share price change.

    Arguably, the revenue drop of 3.8% a year for half a decade suggests that the company can't grow in the long term. This has probably encouraged some shareholders to sell down the stock.

    The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

    [See link to article to view the graphic mentioned in the article]

    Is WFC's dividend sustainable?
    No. Unstable dividend track record

    Has there been substantial insider selling at WFC in the past 3 months?
    Yes. Significant insider selling over the past 3 months
    For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio...
    For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio...
  • T
    What an awesome day for WFC!! Thumbs down this post if you were caught short today and are worried about losing even more next week.
  • J
    Jim Cramer said WFC is a strong sell until the FED stop raising rates - this stock may drop to $7
  • b
    stress test? LESS THAN BOOK? MARK TO MARKET - something isn't adding up - INTERNAL DISMAY!
  • F
    Hurts to watch WFC trade. Continuously red on a green day..
  • M
    Smoke Screen Charlie will be shown the exit by 2025..... this bank has real problems with, morale, culture, exécution, and BUREAUCRACY..... 2 year price target: $20
  • J
    Surprised nobody has weighed in with an opinion on WFC’s capital return announcement next week. Today’s action seems to suggest a positive outcome for longs. Thoughts?
  • R
    WOW ! DOW, daily close below 30K. New resistance level.
  • M
    smoke Screen Charlie will effectively neuter this bank and after 5 years this bank will be taken over by one of the other big boys..
  • D
    Soaring interest rates have pressured banks' home lending portfolios as the increase in borrowing costs is dampening demand for mortgage originations.

    Investment banking revenues are down industry wide as fewer companies are choosing to go public and company stock prices are plunging as economic growth slows.
  • b
    The only time I would buy is in the 30-32 range
  • o
    Looks like we are getting some sellers ahead of the stress test results after the close. Hopefully the reason for the selling isn't they already know the results from someone inside the Fed and they're not good. Let's hope there is good news, and they announce capital plans including buybacks on Monday. Then hopefully earnings in mid July are good maybe we can turn this around. Down 38% seems exteme.
  • B
    Waiting for teens !!
  • E
    please can someone explain in simple wording why is wfc losing steam in this way?. Have i missed some key driver ?
  • M
    smoke Screen Charlie will have to find a new way to pull the wool over the eyes of investors... this bank will not be around in 10 years
  • b
    THEY ARE CLOSING DOWNTOWN PENSACOLA OFFICE that has been there for 60+ yrs
  • S
    33 by friday
  • S
    Sell before too late
  • S
    $30 close today