Yield

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Wells Fargo stock price’s recent performance shows a bullish trend with a slight rise in its price.</a> </li> 
 <li> <span>2</span> <a>WFC stock price showed over 7% price decline in the recent 1 month.</a> </li> 
</ul> 
<p>Wells Fargo (WFC) stock price made a falling chart in the last month but since one week with a small bullish trend, it seems like its price has taken a comeback. In one month, WFC stock price dropped 7.57% which showed a 0.46% price rise in the last 5 days. Moreover, the year-to-date (YTD) chart shows a 0.10% price gain which turned downside with a 5.90% price drop in the past 6 months.</p> 
<h2 class="wp-block-heading" id="strong-wells-fargo-strong-wfc-strong-stock-price-performance-strong"><strong>Wells Fargo <strong>(WFC)</strong> Stock Price Performance</strong></h2> 
<p>Wells Fargo stock price rose 0.87% in its September 4, 2023 trading session when it noted closing at $41.65. The stock price traded in between the price range of $41.99 to $41.51. The slightly upside trend was supported by the active bulls in the market. However, at press time, the pre-market price of WFC stock was showing a slight decline from its closing price yesterday.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/tMdxRFIhD8vnoFwCdu6bwypzoYzuCUufJnQ_A4kK1f-x5D4JNSE_MjN2FY4bSl3xv1QKbcqb7H0rz7El9c83y4i-GQnihUnIEnbuyEu2swRlqtK1IofBVrOZMqiDDvaYdBODSDnHqJauM8BRFJVuaRg" alt="Wells Fargo Stock: Will WFC Stock Price Try to Make A Comeback?"> 
  <figcaption class="wp-element-caption"> <strong>Source: WFC/USD by </strong><a href="https://www.tradingview.com/x/Qs42UGe5/" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>As the WFC <a href="https://www.thecoinrepublic.com/2023/09/04/ccl-stock-will-carnival-stock-price-keep-sliding-this-week/" rel="noopener noreferrer nofollow">stock </a>price experienced more bearish activity than bulls, its RSI dropped down. Due to the recent upside comeback by stock price, the RSI also made a U-turn. If the bullish trend stays in the upcoming trading session, then the WFC price may reach near its 20-day EMA.</p> 
<p>The analysts have set their 1-year price target at $51.20, up over 22% from the recent closing price of WFC stock. Their maximum estimate is at $65.00 whereas the minimum estimate is at $43.00. Moreover, in the past 3 months, the analysts gave “buy” ratings to WFC shares.</p> 
<h3 class="wp-block-heading" id="strong-the-financial-highlights-of-wells-fargo-co-strong"><strong>The Financial Highlights of Wells Fargo &amp; Co.</strong></h3> 
<p>Wells Fargo &amp; Company (NYSE: WFC), an American multinational financial services company, has a market cap of nearly $152.38 Billion. According to the company’s recent quarter (Q2) 2023 report, its net income is $4.94 Billion.</p> 
<p>The company paid its dividends on a quarterly basis. While the last dividend per share was $0.35 and as of today, Dividend Yield (TTM)% is 3.00%.</p> 
<p>According to Q2 2023, WFC earnings per <a href="https://www.thecoinrepublic.com/2023/09/04/walmart-stock-wmt-stock-marked-52-week-high-after-earnings/" rel="noopener noreferrer nofollow">share </a>(EPS) is $1.25 whereas the estimation was $1.16 which accounts for an 8.21% surprise. Wells Fargo &amp; Company’s revenue for the same period amounts to $20.53 Billion despite the estimated figure of $20.17 Billion.</p> 
<p>For the upcoming Q3 2023, the estimated EPS is $1.24, and revenue is expected to reach $20.08 Billion. Additionally, in 2022 the revenue of Wells Fargo &amp; Company reached $73.78 Billion. Most of which — $35.81 Billion — came from its highest performing source at the moment, “consumer banking and lending”.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Wells Fargo Stock: Will WFC Stock Price Try to Make A Comeback?

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