RBC Capital analyst Gerard Cassidy maintained a Hold rating on Wells Fargo (WFC – Research Report) on January 13 and set a price target of $45.00. The company’s shares closed last Friday at $44.22.
Cassidy covers the Financial sector, focusing on stocks such as KeyCorp, Bank of America, and Bank of New York Mellon Corporation. According to TipRanks, Cassidy has an average return of 25.4% and a 73.62% success rate on recommended stocks.
Wells Fargo has an analyst consensus of Strong Buy, with a price target consensus of $52.95, representing a 19.74% upside. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock with a $58.00 price target.
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The company has a one-year high of $59.18 and a one-year low of $36.06. Currently, Wells Fargo has an average volume of 18.4M.
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Founded in 1852, California-based Wells Fargo & Co. is a diversified financial services company, which is engaged in banking, insurance, investments, mortgage, and consumer and commercial finance. It operates through the following segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.
Read More on WFC:
- Wells Fargo (NYSE:WFC) Reports Mixed Q4 Results
- Wells Fargo sees FY23 NII growth roughly 10% y/y
- Wells Fargo says credit performance remains strong across all businesses
- Wells Fargo says doesn’t need to be one of biggest originators, servicers
- Wells Fargo sees balances, credit quality still returning pre-pandemic levels