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NYSE:WFC

Wells Fargo (WFC)

82.40
+0.20 (0.24%)
as of Jun 18, 2026, 11:02:29 pm Market Open.
172 watching
0
COMMENT

Question about American bank stocks. Be selective and don't buy the ETF. He owned Wells Fargo before but he switched to JPM. There has been negative news. The stock is now looking better and with the positive changes being made it could grow back. Looks undervalued.

HOLD
Believes financial stocks are going to do well with rising interest rates. Hold the stock if you own it.
PAST TOP PICK
(A Top Pick Jan 13/20, Up 68%) 1.3x price to book, discount to peer group. High growing dividend. Recovering economy around the world, lower credit loss provisions, higher interest rates will all help the banking sector. Yield is 1.4%.
BUY ON WEAKNESS
Earnings season really begins next Friday. 2022 could be their best year since 2017. It has rallied the past week to a 52-week high, up 1% in the past week, so he doubts it can keep rising. Buy on a pullback.
SHORT
With the yield get back to 4%? He would remain being a seller based on the nefarious things they did a few years ago. There is much better value in its competitors.
BUY
It's the worst of the big banks, but he owns this because it's a turnaround story. It trades cheaply. Shares jumped nearly 7% today. The CEO is turning it around.
BUY ON WEAKNESS
They report Thursday. WF numbers won't be as bad as they used to be. The banks have had a huge run-up, but are still behind the overall market's PE. If this gets hit week, he will buy more.
SELL
Low interest rate is challenging. Stock's had a good run. Take profits. Economy slowing. Not right time of the cycle to be aggressive with your bank positions. Their bread and butter is lending, and the Fed has capped their loan book as a penalty. Look elsewhere.
WEAK BUY
A cautious buy, given the regulatory overhang which throws up too much of a grey area.
HOLD
It's the worst among the US banks and he wonders why Warren Buffet held onto this for so long. These days, it's a turnaround story, and he believes in the current CEO. He's bought back a lot of stock and gotten new board members. He expects this to return to the high-$50s. Otherwise, hold on.
DON'T BUY
In the penalty box for a number of years due to regulatory issues. He prefers other banks.
BUY
It's a textbook turnaround story and a cheap stock. All the banks were up a lot this year. They delivered good numbers, and yet still sold during last week's earnings reports. An investment bank enjoying a booming IPO and M&A businesses, even as their trading business fell off in recent months. Wells shares are up 45% YTD. They reported a massive earnings and sales beat, boosted by a one-off $1.6 billion reserve release. WF actually missed net interest income and reported lower loan balances YOY. Their efficiency ratio came in at 66%. The CEO is just getting started on cutting costs. Last week, WF says it will buy back a lot more shares. Buy, especially at $43.
COMMENT
They report Wednesday. next week. It's a turnaround story. If the CEO tells a good story about the turn, then the stock could make new highs this year.
DON'T BUY

She owned Wells Fargo years ago until problems with their sales practices arose. That's now behind them, but WF lost momentum and they need to prove to investors that they can gain market share.

COMMENT

A turnaround play. The big catalyst that is coming up is the restrictions put on the company. It should come off later in the year. CitiGroup is also another good choice. They can increase their dividends and start buybacks once rules change.

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