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Wells Fargo & Company (WFC)

NYSE - Nasdaq Real Time Price. Currency in USD
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44.94-0.09 (-0.19%)
As of 10:54AM EDT. Market open.
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  • F
    Franklin
    Former CEO of WFC was on CNBC talking down economy and markets. Such a negative ship.
    Bullish
  • w
    wb 46
    (Reuters) -Wells Fargo & Co's Chief Executive Officer Charlie Scharf said the bank was not yet planning for the end of a damaging asset cap imposed by regulators after it smashed Wall Street estimates for second-quarter earnings.

    The Federal Reserve in early 2018 ordered Wells Fargo to keep its assets below $1.95 trillion, until it had improved its governance and risk controls following a wave of sales practice scandals.

    The asset cap constrains Wells Fargo's ability to make new loans and grow as rapidly as rival banks, and Scharf has pushed for its removal since his appointment in September 2019.

    Asked by analysts if the bank was factoring an end to the cap into future projections, Scharf replied, "We're not even thinking about what life is like without the asset cap."

    "The work remaining is significant, and as such, this remains a multi-year journey for us," he said.
  • b
    b
    At this moment, I own 23000 shares. Waiting for the dividends to go back to $2 or more. I dream of the day the dividends hit $5 and I can retire. Probably not gonna happen for another 10 years.
    Bullish
  • R
    REG
    Regarding the technicals.

    A shorter cup with handle has moved us into the mid 40's. Consolidating since.

    If we see a new 52 week high thru 49-50 then...a much larger cup with handle chart points to a potential 64-81 target.

    catalysts-

    Dividend increase?

    10% share buy back?

    Loan loss releases?

    Expense ratio reduction?

    Asset cap removal or increase?

    Higher 10 year treasury rates?

    I'm in.
  • c
    cocchi
    I’ve been day trading for years and I’m so glad I finally found (http://Pick-stocks.com). They’re pre-market watchlists cover all the latest market-moving news, and they don’t beat you down with tons of ads. Highly recommend!
  • r
    r
    So WFC is down after a fantastic quarter while didi is up and Nio is still holding strong in the 40s after recovery of $2 a share yet nothing with them has changed.
  • R
    Ridge
    Corrupted WF down, big after earnings, BAC down 2.00 5%. Both banks u cannot trust
  • J
    Johnson
    Of all the stocks that I own, I worry about WFC the least.

    Don't think twice, it will be alright ____ Bob Dylan.
    Bullish
  • b
    b
    Ok. This is not good. I thought I will keep adding when it is low. This much of a jump throws my plans awry.
  • M
    Mike
    First stop at $54.50;
    Accumulating
    Second stop at $63.00
    Accumulating
    My crystal ball stops there.
    After the huge market correction, WFC takes the lead, not lagging like the last time.
  • B
    Bunny
    WFC buying back 10% of its stock means the stock price is very cheap as seen by management. It is equivalent paying 10% special dividend. I guess the negative posts are trying to keep it low to buy more shares.
  • b
    bull
    Told yah! Sell!
  • $
    $$index++
    What will WFC doing with all those cash? Give out one time special divy is not a bad idea or buy back more shares.
  • K
    Kevin
    Wealth Management layoffs next week
    Bearish
  • J
    J
    Paypal's Mrkt Cap $352B
    Square Mrkt Cap $116B
    WFC Mrkt Cap $187B

    Makes no Sense
  • e
    erika
    Why is it taking so long to go higher, am I the only one that saw those excellent reports?!
    Bullish
  • T
    TR
    Jim Cramer says kick all the other banks to the curb, but buy WELLS FARGO. Biggest position in his trust. Its not just an interest rate story its a turnaround story with new CEO.
    Bullish
  • Z
    Zeke
    A relative has a WFC personal line of credit of $150K...and is current on the amount drawn (about 10K), but got laid off due to covid....so guess what...based on WFC news of shutting down the personal credit lines he has drawn the entire $150K....you think that is smart for WFC?..gosh, they really are a poorly managed bank....
    Bearish
  • C
    Cabernet
    CFRA upgraded WFC from Hold to Buy and increased price target from $46 to $52.
  • d
    david
    Banks are golden tickets