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WFC Stock News Image - Zacks Investment Research

BYRN, WFC and SAND made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 17, 2023.

Zacks Investment Research 2024 Apr 17
WFC Stock News Image - The Motley Fool

One research firm sees more upside on Wells Fargo in the wake of the latest earnings report. Net interest income is expected to fall this year, but increased fee revenue should make up for it.

The Motley Fool 2024 Apr 16
WFC Stock News Image - Seeking Alpha

Wells Fargo surpassed earnings estimates in Q4 2023 and Q1 2024, driving a 14.94% stock price increase. Despite regulatory constraints, Wells Fargo remains undervalued, with a fair price of $71.49 and a future projection of $123.41, offering 19.5% annual returns through 2029. While lagging in deposit coverage compared to JPMorgan and Bank of America, Wells Fargo remains solvent and capable of meeting its debt obligations.

Seeking Alpha 2024 Apr 15
WFC Stock News Image - Bloomberg Markets and Finance

Wells Fargo CFO Mike Santomassimo discusses the bank's first-quarter earnings report on Bloomberg Television. Wells Fargo earned $12.2 billion in net interest income in the first three months of the year, according to a statement, down 8.3% from a year earlier and slightly less than the $12.3 billion analysts expected.

Bloomberg Markets and Finance 2024 Apr 12
WFC Stock News Image - Bloomberg Markets and Finance

Wells Fargo Investment Institute's, Brian Rehling, says they'll need to dial back the amount of rate cuts expected this year and wouldn't be surprised if there were no rate cuts this year. Invesco Portfolio Manager of Fixed Income Factors, Noelle Corum, says it's a hard year to time the market, so a tilt toward a higher quality portfolio should offer support over the long term.

Bloomberg Markets and Finance 2024 Apr 12
WFC Stock News Image - PYMNTS

The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. While Wells Fargo didn't post stellar earnings Friday (April 12) it did vote “yes” on the economic prospects for the balance of 2024.

PYMNTS 2024 Apr 12
WFC Stock News Image - Zacks Investment Research

Wells Fargo (WFC) Q1 earnings reflect higher revenues and improved deposit balances, alongside lower provisions. However, challenges emerge with lower net interest income and growing expenses.

Zacks Investment Research 2024 Apr 12
WFC Stock News Image - Zacks Investment Research

Although the revenue and EPS for Wells Fargo (WFC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks Investment Research 2024 Apr 12
WFC Stock News Image - Investopedia

Wells Fargo (WFC) reported a 7% decline in first-quarter profit as high funding costs and lower loan balances took a bite out of net interest income.

Investopedia 2024 Apr 12
WFC Stock News Image - Proactive Investors

Wells Fargo & Co (NYSE:WFC, ETR:NWT) faced a setback in its first quarter as it missed estimates for net interest income (NII), signaling challenges amid muted loan growth and increased deposit payouts. The firm reported $12.2 billion in NII, down 8.3% from the previous year and slightly below analysts' expectations.

Proactive Investors 2024 Apr 12
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