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Wells Fargo (WFC) Increases Despite Market Slip: Here's What You Need to Know
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In the latest close session, Wells Fargo (WFC - Free Report) was up +1.58% at $77.60. This move outpaced the S&P 500's daily loss of 1.51%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.01%.
Shares of the biggest U.S. mortgage lender witnessed a loss of 12.77% over the previous month, trailing the performance of the Finance sector with its loss of 6.38%, and the S&P 500's loss of 3.63%.
Market participants will be closely following the financial results of Wells Fargo in its upcoming release. The company plans to announce its earnings on April 14, 2026. The company is predicted to post an EPS of $1.56, indicating a 22.83% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.67 billion, up 7.55% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.91 per share and revenue of $88.17 billion. These totals would mark changes of +10.03% and +5.34%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Wells Fargo. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.14% lower. Wells Fargo is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Wells Fargo's current valuation metrics, including its Forward P/E ratio of 11.05. This expresses a discount compared to the average Forward P/E of 12.61 of its industry.
It is also worth noting that WFC currently has a PEG ratio of 0.83. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Financial - Investment Bank industry held an average PEG ratio of 0.99.
The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 33, this industry ranks in the top 14% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Wells Fargo (WFC) Increases Despite Market Slip: Here's What You Need to Know
In the latest close session, Wells Fargo (WFC - Free Report) was up +1.58% at $77.60. This move outpaced the S&P 500's daily loss of 1.51%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.01%.
Shares of the biggest U.S. mortgage lender witnessed a loss of 12.77% over the previous month, trailing the performance of the Finance sector with its loss of 6.38%, and the S&P 500's loss of 3.63%.
Market participants will be closely following the financial results of Wells Fargo in its upcoming release. The company plans to announce its earnings on April 14, 2026. The company is predicted to post an EPS of $1.56, indicating a 22.83% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.67 billion, up 7.55% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.91 per share and revenue of $88.17 billion. These totals would mark changes of +10.03% and +5.34%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Wells Fargo. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.14% lower. Wells Fargo is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Wells Fargo's current valuation metrics, including its Forward P/E ratio of 11.05. This expresses a discount compared to the average Forward P/E of 12.61 of its industry.
It is also worth noting that WFC currently has a PEG ratio of 0.83. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Financial - Investment Bank industry held an average PEG ratio of 0.99.
The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 33, this industry ranks in the top 14% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.