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Why Wells Fargo’s Premium Valuation Could Fall Further

Robert Karr
Why Wells Fargo’s Premium Valuation Could Fall Further

Wells Fargo (WFC) stock has risen 7.5% over the past month and fallen 6.9% over the past year. On average, peers (XLF) have risen 4.3% and 12.1%, respectively, during the same periods. Analysts expect Wells Fargo to see a rebound in retail lending, mortgage banking, and wealth in H2 2018.