With 10.22 million shares changed hands, the volume of the stock remained lighter than its average volume of 17.82 million shares. During the session, the Banks – Diversified company that operates in wider Financial sector, reached to the highest price of $54.33 whereas the lowest price it dropped to was $53.415. The 52-week range on WFC shows that it touched its highest point at $62.55 and its lowest point at $38.38 during that stretch. It currently has a 1-year price target of $63.56. With its current market cap of 182.48 billion, WFC has annualized dividend of $1.45 while the current yield stands at 2.70%. Beta for the stock currently stands at 1.16.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WFC was down-trending over the past week, with a drop of -1.20%, but this was down by -5.48% over a month. Three-month performance dropped to -5.96% while six-month performance fell -5.42%. The stock gained 28.99% in the past year, while it has gained 8.92% so far this year. A look at the trailing 12-month EPS for WFC yields 4.87 with Next year EPS estimates of 5.48. For the next quarter, that number is 1.28. This implies an EPS growth rate of 5.02% for this year and 8.12% for next year. EPS is expected to grow by 8.16% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.48%.
Float and Shares Shorts:
At present, 3.60 billion WFC shares are outstanding with a float of 3.40 billion shares on hand for trading. On 2024-08-30, short shares totaled 36.58 million, which was 106.99999999999999 higher than short shares on 1722384000. In addition to Mr. Charles W. Scharf as the firm’s President, CEO & Director, Mr. Michael P. Santomassimo serves as its Senior EVP & CFO.
Institutional Ownership:
Through their ownership of 0.76682 of WFC’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WFC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
