The stock of Wells Fargo & Co. (NYSE:WFC) last traded at $58.24, up 1.46% from the previous session.
WFC stock price is now -1.82% away from the 50-day moving average and 16.21% away from the 200-day moving average. The market capitalization of the company currently stands at $203.04B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $64, Compass Point recently Downgraded its rating from Buy to Neutral for Wells Fargo & Co. (NYSE: WFC). On March 27, 2024, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock increasing its target price from $56 to quote $62, while ‘Odeon’ rates the stock as ‘Hold’
In other news, DAVIS RICHARD K, Director bought 3,500 shares of the company’s stock on Nov 09 ’23. The stock was bought for $144,270 at an average price of $41.22. Upon completion of the transaction, the Director now directly owns 4,244 shares in the company, valued at $0.25 million. A total of 0.15% of the company’s stock is owned by insiders.
During the past 12 months, Wells Fargo & Co. has had a low of $38.38 and a high of $62.55. According to the stock market information, the enterprise value for the company is $129977008128, which is based on a 12.15 price-to-earnings ratio, a 1.52 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for WFC is $59.3382 and a two-hundred day moving average price translates $50.20075 for the stock.
The latest earnings results from Wells Fargo & Co. (NYSE: WFC) was released for 2024-03-31. The net profit margin was 14.63% and return on equity was 10.37% for WFC. The company reported revenue of $22.84 billion for the quarter, compared to $19.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.0 percent.
