Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
With a P/E ratio at 13.81 for the current year and 12.59 for next year, earnings multiples are highly attractive compared with competitors.
Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 50.55 USD
The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
Technically, the stock approaches a strong medium-term resistance at USD 58.55.
Operates as a diversified, community-based financial services and bank holding companyWells Fargo & Co. is a bank holding company that engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance.It operates through the following segments: Community...