Would you say wfc should trade around $40?
"Would you say wfc should trade around $40?"
No, I would say around $37.50 for now, tomorrow it will most probably change. Doofus
It's nearing its 52 week high, however, the local branch doesn't serve coffee anymore. This implies mixed signals!
it depends upon competing asset classes such as the treasuries. If the 10 year bond yield goes up to 4% then WFC might get stuck in a trading range unless it can grow its earnings significantly.