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MarketScreener Homepage  >  Equities  >  Nyse  >  Wells Fargo & Company    WFC

WELLS FARGO & COMPANY

(WFC)
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Wells Fargo & Company : The decline is confirmed

09/21/2020 | 11:06am EST
09/21/2020 | 11:06am EST
short sell
Live
Entry price : 24.23$ | Target : 18$ | Stop-loss : 27.1$ | Potential : 25.71%
The underlying trend is clearly bearish for stocks in Wells Fargo & Company. This should continue to be the case over the coming trading sessions.
Investors should open a short trade and target the $ 18.
Wells Fargo & Company : Wells Fargo & Company : The decline is confirmed
Strengths
  • The share is getting closer to its long-term support in weekly data, at USD 23.36, which offers good timing for buyers.
  • Share prices are approaching a strong support area in daily data, which offers good timing for investors.
  • This company will be of major interest to investors in search of a high dividend stock.

Weaknesses
  • As estimated by analysts, this group is among those businesses with the lowest growth prospects.
  • Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
  • The group usually releases earnings worse than estimated.
  • With an expected P/E ratio at 3091.02 and 11.51 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
  • For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
  • For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
  • For the past seven days, analysts have been lowering their EPS expectations for the company.
  • For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
  • For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
  • The underlying tendency is negative on the weekly chart below the resistance at 34.88 USD
Ratings chart
Subsector Banks - NEC
1st jan.Capitalization (M$)Investor Rating
WELLS FARGO & COMPANY-51.12%105 347
JPMORGAN CHASE & CO.-17.81%359 292
INDUSTRIAL AND COMMERCIAL B..-23.50%259 163
BANK OF AMERICA CORPORATION-23.88%236 945
CHINA CONSTRUCTION BANK COR..-12.33%192 773
CHINA MERCHANTS BANK CO.. L..20.81%172 084
BANK OF CHINA LIMITED-18.62%133 349
ROYAL BANK OF CANADA2.77%114 764
CITIGROUP INC.-33.28%110 968
HSBC HOLDINGS PLC-35.12%103 399
HDFC BANK LIMITED9.63%103 391
More Results

© Zonebourse.com 2020

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2020 72 118 M - -
Net income 2020 1 850 M - -
Net Debt 2020 - - -
P/E ratio 2020 73,3x
Yield 2020 4,73%
Capitalization 105 B 105 B -
Capi. / Sales 2020 1,46x
Capi. / Sales 2021 1,48x
Nbr of Employees 274 900
Free-Float 75,2%
Upcoming event on WELLS FARGO & COMPANY
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 29,77 $
Last Close Price 26,30 $
Spread / Highest target 71,1%
Spread / Average Target 13,2%
Spread / Lowest Target -12,5%
EPS Revisions
Managers
NameTitle
Charles William Scharf President, Chief Executive Officer & Director
Charles H. Noski Chairman
Scott E. Powell Chief Operating Officer & Senior Executive VP
Michael Santomassimo Chief Financial Officer & Senior Executive VP
Saul van Beurden Senior Executive VP & Head-Technology