WFC - Wells Fargo & Company

NYSE - NYSE Delayed Price. Currency in USD
46.71
-0.65 (-1.37%)
At close: 4:04PM EDT
Stock chart is not supported by your current browser
Previous Close47.36
Open47.40
Bid0.00 x 4000
Ask0.00 x 3100
Day's Range46.44 - 47.45
52 Week Range43.02 - 59.53
Volume21,151,331
Avg. Volume18,481,283
Market Cap209.931B
Beta (3Y Monthly)1.19
PE Ratio (TTM)10.33
EPS (TTM)4.52
Earnings DateJul 16, 2019
Forward Dividend & Yield1.80 (3.80%)
Ex-Dividend Date2019-05-09
1y Target Est51.12
Trade prices are not sourced from all markets
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    Corporate earnings reports trickle in at all times of year. But there's a reason we talk about "earnings season" -- and that's because we tended to get flooded with most of the earnings reports around the same time.That time is now. And the impact on stocks will be real.This week we find out whether some very major companies met their targets…or fell short. The particulars will be overanalyzed on TV. And even before the report is released, all kinds of Wall Street "hotshots" will be placing their bets.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMost of what you'll hear on TV will be pure conjecture. I'm a numbers guy, so I prefer to deal in facts. So today, we'll be previewing some of the biggest names on the earnings calendar this week. Then if you own them -- or want to buy them -- or are looking to sell them…you can do so with the right information. * 7 Dependable Dividend Stocks to Buy You can do this yourself for the stocks you'd like to watch -- at earnings, or any other time -- by creating a watchlist in my Portfolio Grader. Because the big banks are up to the earnings bat first, starting with Citigroup (NYSE:C) first thing this morning, I'm going to use them as an example. Everyone on Wall Street will be watching these closely. You might own some of them in your stock portfolio -- and I can almost guarantee you've got some in your mutual funds.As for the dates: I keep an earnings calendar for my investing services, like Growth Investor, so subscribers can find out when our stocks will report. It also includes earnings estimates. But if you're not a subscriber, you can find some reporting information on sites like Nasdaq's Earnings Calendar.Once you've figured out which stocks to check, you can see how they stack up by plugging in their ticker symbols, just as I have above.Here's what we get on those big banks:Ten years ago, who'd have ever thought than an all-online bank, Ally Financial (NYSE:ALLY), would be a "Buy" -- while Wells Fargo (NYSE:WFC), one of the few banks to come out of the financial crisis a winner, is now a "Sell"?Well, a lot's happened since then.Let's dig into my Report Card on those two bank stocks in particular because there's some interesting things we'll discover.Here's how ALLY measures up:ALLY's earnings momentum -- in other words, how rapidly its earnings have been accelerating over the past four quarters -- leaves something to be desired at the moment, as does its cash flow. But ALLY has a lot going for it: It's got good operating margins; it's growing sales and earnings year-over-year, and it's delivering a good return on equity.Overall, ALLY stock's "B" rating makes it a "Buy" in my system.Then there's Wells Fargo…What WFC's Report Card basically tells us is that the stock is none too popular on Wall Street ahead of earnings. Analysts are lowering their expectations for the stock. And according to my Quantitative Grade -- my proprietary measure of money flow -- WFC stock is bleeding investor cash right now.Wells Fargo's fundamentals look okay. It's been growing sales, its operating margins looks good, and so does its cash flow. But there is clearly something the "smart money" doesn't like here. And that's a red flag going into its earnings report on Tuesday.If there's one thing I've learned in 40 years investing, it's to "follow the money." ALLY stock might not have earned a perfect Report Card -- but its Quant Grade of "B" indicates that major players are accumulating shares. Wells Fargo, which had comparable fundamentals overall, has a Quant Grade of "D." That indicates an outflow of investing cash. And ultimately, this momentum is a big determiner of whether your investment succeeds or fails. One Final Note Ahead of EarningsWhile Portfolio Grader is always full of valuable information, I have to admit -- I'm not too excited about the big banks.Remember, interest rates are still pretty low…and could be going lower soon! The Federal Reserve has not only stopped hiking rates, it is openly considering CUTTING them. While it's good news for those of us who want, say, a small business loan, it's detrimental to the banks. Cutting rates means cutting into their profits -- i.e., their "earnings."So, even if the banks post good numbers now, they might have to lower their profit forecasts. And that's a poor position to be in.On the flip side, I like tech stocks right now. And I'm excited about one investment in particular. It reminds me of the 1980s, when Intel (NASDAQ:INTC) was powering the PC revolution -- and investors just couldn't get enough of its stock.Those days are gone. But one little-known company is playing a similar role now. I've got a full presentation for you at this link.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Are Bank Stocks a Buy on their Earnings Report? appeared first on InvestorPlace.

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  • 3 Reasons Why Investors Should Buy JP Morgan Stock Before JPM’s Earnings
    InvestorPlace18 hours ago

    3 Reasons Why Investors Should Buy JP Morgan Stock Before JPM’s Earnings

    JP Morgan (NYSE:JPM) is set to report its earnings on Tuesday morning before the market opens. Its second-quarter results will be part of a big week for banking stocks. Many large financial firms are set to put out their earnings over the next few days.Source: Shutterstock The stock market as a whole is blasting off to new all-time highs. The S&P 500 just hit 3,000 for the first time. And the Dow Jones Industrials reached 27,000 as well. But bank stocks, generally, have missed the boat. JP Morgan stock has been one of the strongest names in the banking sector. But even it is still a few percent short of its 52-week highs. And JPM's rivals like Goldman Sachs (NYSE:GS) and Wells Fargo (NYSE:WFC) are trading way below their 2018 peaks. * 7 Dependable Dividend Stocks to Buy Fairly Low ExpectationsThe banking sector, as a whole, is suffering from investor fatigue. The plunge in interest rates this year has made most folks give up on the banks. It's clear that net interest rates are going to fall this quarter - potentially by quite a bit.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe problem is that short-term interest rates are still relatively high; meanwhile, longer-term rates have been plunging. As a result, banks still have to pay competitive rates to depositors on products such as money market funds and short-term CDs. But the rates the banks, in turn, can charge on mortgages and other loans have dipped sharply. Consequently, the banking sector's profits have dropped dramatically. The Fed is likely to cut rates soon, in part to help alleviate this pressure on the financial system. But the central bank obviously won't be able to boost the banks' Q2 profits.That said, I'd argue this pressure is already priced into the banking stocks. Many analysts are expressing sentiments similar to those of John Heagerty of Atlantic Equities, who said,"There is clear potential for investor disappointment at the upcoming results" out of the banking sector. That's possible. But people realize that NIMs (net interest margins) are falling and that there has been a slowdown in other areas such as parts of investment banking. It'd take really bad results to surprise the market to the downside. Meanwhile, banks such as JP Morgan can point to better times coming over the next quarter or two." Big Capital Return PlansThe Fed just released the results of the latest stress tests of the nation's largest banks. Nearly all passed with flying colors. That has enabled many large, too-big-to-fail banks to implement huge dividend increases and large share buyback programs. JP Morgan stock isn't offering investors the most exciting dividend increase; that honor goes to Goldman Sachs with its jaw-dropping 47% dividend hike.But JP Morgan is no slouch either. It's hiking its quarterly dividend 13% to 90 cents per share of JP Morgan stock, or $3.60 per year, resulting in a sturdy 3.2% dividend yield.More interesting is JPM's buyback of JP Morgan stock. JP Morgan is pulling no punches on that front. The firm is prepared to buy back up to nearly $30 billion of JPM stock over the next year. Given that JP Morgan's market cap is currently around $360 billion, this share buyback could sop up nearly 8% of the total outstanding shares of JP Morgan stock in just one year. Combine the buyback with the dividend, and that's a double-digit-percentage total yield for the owners of JPM stock. Earnings Won't Be Down for LongIt's important to remember JPMorgan's unparalleled scale. JP Morgan may not have the largest retail banking franchise. But overall, by assets, JP Morgan is the biggest bank with $2.7 trillion of assets. Bank Of America (NYSE:BAC) has $2.4 trillion of assets, and none of the other top American banks come in over the $2 trillion threshold.What makes JP Morgan so strong is that it combines a strong retail banking business with one of the best investment banks in the world. Most big banks are either good at investments like Goldman or good at retail,like Wells Fargo. JP Morgan does both well and that helps insulate its earnings. With the 2019 IPO boom under way, for example, JP Morgan should reap huge underwriting fees.On the interest rate front, things are looking better as well. The 10-year treasury bond yield has already rebounded to 2.1%. That's up from a recent low of 1.94%. Consequently, mortgage rates have risen substantially. Meanwhile, the Fed is about to cut the short end of the curve, likely this summer. That will give banks the benefit of 0.5 percentage points of favorable rate movement, which should start helping their earnings by the end of 2019. The Verdict on JP Morgan StockDon't mistake the temporary softness of banks' profits for a downturn in the sector's fortunes. JPM stock is a great example of this. Its Q2 earnings are unlikely to be as strong as some of the firm's other recent reports.But long-term investors are looking past this one weaker report and seeing the bigger picture. JPMorgan - and most of the other large national banks - have a ton of excess capital. They've acted prudently and conservatively for the past decade. With the economy continuing to boom, their loyal shareholders are about to get paid in spades. For JP Morgan stock in particular, this amounts to a healthy dividend hike and a massive buyback of JPM stock. Make no mistake; these factors will push JPMorgan stock higher in coming months, even if JPM's Q2 earnings are a bit soft.At the time of this writing, Ian Bezek owned WFC and GS stocks. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 3 Reasons Why Investors Should Buy JP Morgan Stock Before JPM's Earnings appeared first on InvestorPlace.

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  • Possible Margin Compression Turns Wells Fargo Stock Watchers Bearish
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    With Wells Fargo (NYSE:WFC) scheduled to announced second-quarter results on Tuesday, it's worth remembering that when the bank surprised investors a stronger-than-expected first-quarter profit, WFC stock trended lower on a reduced profit outlook.Source: Shutterstock It is also worth noting that Wells Fargo stock is at the same level as it was at the beginning of 2019. That compares with a 14% gain in the 25-bank-stock Invesco KBW Bank ETF (NASDAQ:KBWB), which shows WFC stock as its fourth-biggest holding at 7.88% weight. This is indicative of the point that market participants remain uncertain on the company's outlook.I believe that even if second-quarter results are largely in line with estimates, the stock can turn bearish on potentially weak outlook for 2019 and 2020.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Rate Cut Impact on Wells FargoConsider the following: * The GDPNow indicator forecasts Q2 GDP growth at 1.4%. * The probability of recession as predicted by Treasury spreads is at 32.9%. This is at the highest level since the recession of 2008-2009. * The Conference Board's consumer confidence index declined to 121.5 in June, the lowest level since September 2017.Clearly, there is a meaningful slowdown and it is not surprising that the Federal Reserve has indicated that it might cut rates sooner. * 7 Retail Stocks to Buy for the Second Half of 2019 This is the first reason to be bearish on Wells Fargo.When 1Q19 results were announced, the company indicated that it expects net interest income to decline in 2019. According to the company:"Several factors have driven shifts in our view, including a lower absolute rate outlook, a flatter curve, tightening loan spreads resulting from a competitive market with ample liquidity and continued upward pressure on deposit pricing. We now expect NII will decline 2% to 5% this year compared with 2018."With a possible 50- to 75-basis-point interest rate cut likely within the next six-12 months, Wells Fargo is likely to endure further margin compression. Decline in NII will translate into WFC stock trending lower as EPS declines.Expansionary monetary policies will imply ample liquidity for consumers and businesses. A competitive landscape would mean that banks have to keep rates attractive for core business growth.Therefore, a clear downturn in the economy is negative for Wells Fargo stock and I believe that the stock can move lower after being sideways for so far in 2019. Over-leveraged ConsumersAn interesting point to note is that household debt balance peaked at $12.68 trillion in the third quarter of 2008. The subsequent financial crisis translated into deleveraging by consumers.For the first quarter of 2019, household debt balance was at $13.67 trillion, a full trillion dollars higher than the 2008 peak. Clearly, consumers are over leveraged.With gradual economic slowdown and decline in consumer confidence, another wave of deleveraging can't be ruled out.I am not suggesting a potential crisis for the banking sector, but interest income can decline in the coming quarters. What holds true for consumers also holds true for businesses. If leveraged spending declines, so will leveraged investments. * 10 Stocks to Sell for an Economic Slowdown While these are macroeconomic factors rather than characteristics specific to Wells Fargo, they will still dominate headlines and stock trend in the coming quarters.Importantly, these macroeconomic factors will result in net interest income margin compression for Wells Fargo. Additionally, credit growth will decelerate and the core business growth will be impacted. Bottom Line on Wells Fargo StockI certainly don't intend to paint a very bearish scenario that draws comparison with the 2008-2009 crisis. Even in a deleveraging scenario, Wells Fargo stock could benefit from a healthy balance sheet.The company has created sustained shareholder value through dividends and robust share repurchase. While current dividend payout can sustain, the company's earnings growth is likely to be under stress and that is likely to take WFC stock lower.Therefore, more than 2Q19 earnings numbers, I would look for guidance on net interest income margin for the coming quarters. That will dictate stock direction along with prospects of consumer deleveraging.As of this writing, Faisal Humayun did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Possible Margin Compression Turns Wells Fargo Stock Watchers Bearish appeared first on InvestorPlace.

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