Wells Fargo & Company ($WFC) Stock Forecast: Up 7.4% Today

What is Wells Fargo & Company?

Wells Fargo & Company (NYSE: WFC) is a multinational financial services company based in the United States. It is one of the largest banks in the country, offering a wide range of banking, investment, and mortgage products to its customers.

Why is Wells Fargo & Company going up?

WFC stock is up 7.4% on Jan 15, 2025 20:42

• Wells Fargo (WFC) saw a strong bullish movement today post its Q4 earnings announcement.
• The bank disclosed a 47% rise in net income, surpassing earnings per share (EPS) consensus estimates.
• The market responded positively due to the notable increase in net profit, enhanced return on equity (ROE), and the bank's optimistic projection of up to a 3% growth in Net Interest Income (NII) by 2025.
• Higher fee income and reduced expenses, despite a NII decrease, contributed to the favorable market sentiment towards Wells Fargo, underlining a well-received earnings outperformance.

WFC Price Chart

WFC Technical Analysis

WFC News

What's Going On With American Express Shares Wednesday? - American Express ( NYSE:AXP )

American Express stock is moving higher after several banks reported strong Q4 earnings. American Express stock may be moving higher after these earnings as strong banks earnings indicates robust consumer spending. Get 5 New Stock Recommendations Every Week

https://www.benzinga.com/trading-ideas/movers/25/01/43012145/whats-going-on-with-american-express-shares-wednesday

Wells Fargo Stock Gains as Q4 Earnings Beat on Higher Fee Income

WFC's fourth-quarter 2024 results benefit from an increase in fee income and lower expenses. A decline in NII acts as a spoilsport.

https://www.zacks.com/stock/news/2397608/wells-fargo-stock-gains-as-q4-earnings-beat-on-higher-fee-income

Wells Fargo Q4 Earnings: Investors Cheer 50% Jump In Net Profit, ROE Improvement, Bank Expects Up To 3% Jump In 2025 NII - Wells Fargo ( NYSE:WFC )

On Wednesday, Wells Fargo & Company WFC reported a net income of $5.08 billion, up 47% year over year in the fourth quarter of 2024. The bank reported GAAP EPS of $1.43, beating the consensus of $1.34. Revenue remained almost flat at $20.38 billion. Analysts expected $20.59 billion.

https://www.benzinga.com/news/earnings/25/01/43002392/wells-fargo-q4-earnings-investors-cheer-50-jump-in-net-profit-roe-improvement-bank-expects-up-to-3-

Wells Fargo ( WFC ) Beats Q4 Earnings Estimates

Wells Fargo (WFC) delivered earnings and revenue surprises of 5.97% and 0.85%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2397068/wells-fargo-wfc-beats-q4-earnings-estimates

JPMorgan Chase, Goldman Sachs And 3 Stocks To Watch Heading Into Wednesday - Citigroup ( NYSE:C ) , Applied Digital ( NASDAQ:APLD )

With U.S. stock futures trading slightly higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects JPMorgan Chase & Co. JPM to report quarterly earnings at $4.04 per share on revenue of $41.56 billion before the opening bell, ...

https://www.benzinga.com/25/01/42995457/jpmorgan-chase-goldman-sachs-and-3-stocks-to-watch-heading-into-wednesday

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Wells Fargo & Company Price History

26.08.2024 - WFC Stock was up 4.2%

• Despite the observed bearish options activity, Wells Fargo's stock has demonstrated a robust uptrend throughout the day.
• The stock's retracement from a recent surge subsequent to the Federal Reserve's rate adjustment suggests a potential scenario of profit-taking among market participants.
• The contrasting signals between options trading and stock performance hint at a divergent sentiment among traders, likely driven by short-term profit possibilities and broader market conditions.
• Investors are likely keeping a close watch on developments in interest rates and general market outlooks to assess Wells Fargo's future trajectory.

06.00.2025 - WFC Stock was up 1.7%

• WFC is expected to have strong earnings growth, creating a positive sentiment among investors.
• The company has a history of beating earnings estimates, instilling confidence in its performance.
• Despite a slight decrease in stock price by -0.24%, the overall outlook remains positive, potentially driven by anticipation of a successful quarterly report.
• The combination of favorable earnings expectations and a track record of outperforming estimates likely contributed to the bullish movement in WFC's stock today.

12.08.2024 - WFC Stock was down 4.7%

• The bearish movement in Wells Fargo's stock could be attributed to the notable bearish stance taken by investors with substantial capital, as indicated by the options trading trends.
• FDIC-insured banks, including Wells Fargo, faced concerns regarding asset quality despite a rise in Q2 earnings, which might have contributed to the bearish sentiment surrounding Wells Fargo's stock.
• The upcoming participation of Advantage Solutions in the Wells Fargo 7th Annual Consumer Conference may have also influenced market perception, potentially leading to increased scrutiny and volatility in Wells Fargo's stock.

11.09.2024 - WFC Stock was up 5.9%

• Wells Fargo (WFC) reported Q3 earnings that surpassed estimates, indicating strong financial performance and exceeding market expectations.
• Despite a decrease in net income due to squeezed interest income, the company's investment banking fees acted as a cushion, highlighting diversified revenue streams.
• The collaboration with UConn to provide neurodiversity workshops at no cost showcases Wells Fargo's commitment to social responsibility and corporate education initiatives.
• The comparison with JPMorgan Chase in terms of stock performance indicates that Wells Fargo is perceived as more bullish by analysts and investors, potentially driving the positive market movement.

06.08.2024 - WFC Stock was down 5.0%

• Wells Fargo's participation in the 7th Annual Consumer Conference did not seem to have a positive impact on investor sentiment, possibly indicating concerns or lack of confidence in the company's future prospects.
• The rise in FDIC-insured banks' Q2 earnings, including Wells Fargo, might have been overshadowed by lingering concerns about asset quality, leading to a bearish trend in the stock.
• The launch of the Transgender Persons Hiring Program in India by Wells Fargo, while a positive step towards diversity, may not have directly influenced the stock movement today.
• Overall, the combination of earnings performance, asset quality concerns, and market sentiment likely contributed to the bearish movement in Wells Fargo's stock price.

11.08.2024 - WFC Stock was down 5.1%

• The downturn in Wells Fargo's stock may be linked to investor pessimism, evident from options trading data indicating a bearish trend.
• FDIC-Insured banks, including Wells Fargo, are grappling with worries regarding asset quality, likely impacting the stock negatively.
• Despite Wells Fargo's efforts to promote diversity and inclusion, such as implementing the Transgender Persons Hiring Program in India, the market sentiment towards the company stayed bearish today, potentially overshadowing these positive initiatives.

11.09.2024 - WFC Stock was up 6.4%

• Wells Fargo (WFC) experienced a strong bullish movement today following its Q3 earnings report beating estimates by a significant margin.
• The lower profit on squeezed interest income was offset by robust investment banking fees, providing a cushion for the company's overall performance.
• The positive sentiment towards major U.S. banks, including Wells Fargo, contributed to the bullish market movement, with investors reacting favorably to the better-than-expected earnings in the financial sector.
• The collaboration between Wells Fargo and UConn to provide neurodiversity workshops at no cost to corporate America showcases the company's commitment to social responsibility and diversity, potentially enhancing its reputation among investors and stakeholders.

06.10.2024 - WFC Stock was up 14.4%

• Despite indications of bearish sentiment from financial giants through unusual options activity, Wells Fargo's stock demonstrated a strong bullish performance.
• The conflicting signals from the options market, showing a higher percentage of bearish trades, could have contributed to increased volatility and uncertainty.
• Positive internal developments within Wells Fargo or broader market influences may have outweighed the bearish options activity, propelling the stock price upwards.
• Traders who relied on options data to take a negative stance on Wells Fargo might have been surprised by the unexpected bullish momentum in the stock.

15.00.2025 - WFC Stock was up 6.6%

• Wells Fargo (WFC) witnessed a strong bullish movement on the market.
• The upward trend is linked to Wells Fargo's fourth-quarter 2024 earnings surpassing expectations, marked by a 50% increase in net profit and enhanced return on equity (ROE).
• The rise in fee income and reduced expenses were significant contributors to the favorable earnings results, counterbalancing a decrease in Net Interest Income (NII).
• Investors responded positively to the earnings outperformance, expressing confidence in Wells Fargo's current performance and future growth prospects for 2025.

15.00.2025 - WFC Stock was up 7.4%

• Wells Fargo (WFC) saw a strong bullish movement today post its Q4 earnings announcement.
• The bank disclosed a 47% rise in net income, surpassing earnings per share (EPS) consensus estimates.
• The market responded positively due to the notable increase in net profit, enhanced return on equity (ROE), and the bank's optimistic projection of up to a 3% growth in Net Interest Income (NII) by 2025.
• Higher fee income and reduced expenses, despite a NII decrease, contributed to the favorable market sentiment towards Wells Fargo, underlining a well-received earnings outperformance.

15.00.2025 - WFC Stock was up 5.5%

• Wells Fargo (WFC) experienced a bullish market movement today, possibly driven by the following factors:
• Strong bullish signals from JPMorgan Chase and positive expectations for its earnings could have influenced investor sentiment towards the banking sector, including Wells Fargo.
• Anticipation surrounding Wells Fargo's Q4 earnings and key metric scrutiny by investors might have contributed to the bullish momentum.
• Positive market sentiment and slight gains in U.S. stock futures may also have contributed to boosting Wells Fargo's stock price.
• Although JPMorgan Chase displayed stronger technical strength than Wells Fargo, the latter's long-term bullish trend likely reassured investors and contributed to the overall positive movement in the stock.

02.07.2024 - WFC Stock was down 6.8%

• Wells Fargo (WFC) experienced a significant bearish movement today, dropping by 6.6%.
• The weaker-than-expected U.S. job data raised concerns about economic slowdown, impacting the financial sector negatively and leading to the decline in WFC stock.
• Additionally, news of Wells Fargo being sued over the mismanagement of a health care plan might have further contributed to the negative sentiment surrounding the stock.
• Investors are closely monitoring the developments at Wells Fargo amidst these challenges, as the company faces both market-related pressures and legal issues that could impact its financial performance in the near term.