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

WELLS FARGO & COMPANY

(WFC)
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Wells Fargo & Company : The technical rebound will come to an end

03/30/2020 | 09:13am EST
short sell
Target price hit
Entry price : 30.36$ | Target : 22.5$ | Stop-loss : 34.1$ | Potential : 25.89%
In close proximity to the technical resistance zone that has been tested over several trading sessions, stocks in Wells Fargo & Company could experience a pullback over the coming trading sessions towards technical support levels based on daily closing prices.
Investors should open a short trade and target the $ 22.5.
Wells Fargo & Company : Wells Fargo & Company : The technical rebound will come to an end
Strengths
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • The company's attractive earnings multiples are brought to light by a P/E ratio at 8.31 for the current year.
  • The company is one of the best yield companies with high dividend expectations.

Weaknesses
  • As estimated by analysts, this group is among those businesses with the lowest growth prospects.
  • The group usually releases earnings worse than estimated.
  • Revenue estimates are regularly revised downwards for the current and coming years.
  • For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
  • For the past seven days, analysts have been lowering their EPS expectations for the company.
  • For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
  • 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.
  • Below the resistance at 38.2 USD, the stock shows a negative configuration when looking looking at the weekly chart.

© MarketScreener.com 2020
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -2.95% 22.73 Delayed Quote.47.02%
BEST INC. -3.83% 2.01 Delayed Quote.-1.47%
WELLS FARGO & COMPANY -7.80% 32.04 Delayed Quote.6.16%

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 72 455 M - -
Net income 2020 1 584 M - -
Net Debt 2020 - - -
P/E ratio 2020 94,6x
Yield 2020 3,88%
Capitalization 132 B 132 B -
Capi. / Sales 2020 1,83x
Capi. / Sales 2021 1,87x
Nbr of Employees 274 900
Free-Float 75,3%
Upcoming event on WELLS FARGO & COMPANY
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 35,62 $
Last Close Price 32,04 $
Spread / Highest target 40,4%
Spread / Average Target 11,2%
Spread / Lowest Target -6,37%
EPS Revisions
Managers and Directors
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
Sector and Competitors