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Wells Fargo (WFC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest close session, Wells Fargo (WFC - Free Report) was down 1.04% at $83.86. This change lagged the S&P 500's daily loss of 0.05%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.24%.
Prior to today's trading, shares of the biggest U.S. mortgage lender had gained 10.55% outpaced the Finance sector's gain of 2.3% and the S&P 500's loss of 1.42%.
Analysts and investors alike will be keeping a close eye on the performance of Wells Fargo in its upcoming earnings disclosure. The company's earnings report is set to go public on July 14, 2026. The company's earnings per share (EPS) are projected to be $1.74, reflecting a 12.99% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.78 billion, up 4.58% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.87 per share and revenue of $87.83 billion, which would represent changes of +9.39% and +4.93%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Wells Fargo. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.23% upward. Wells Fargo presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Wells Fargo is presently being traded at a Forward P/E ratio of 12.34. This signifies a discount in comparison to the average Forward P/E of 13.63 for its industry.
One should further note that WFC currently holds a PEG ratio of 0.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. WFC's industry had an average PEG ratio of 1.09 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 107, this industry ranks in the top 44% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Wells Fargo (WFC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest close session, Wells Fargo (WFC - Free Report) was down 1.04% at $83.86. This change lagged the S&P 500's daily loss of 0.05%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.24%.
Prior to today's trading, shares of the biggest U.S. mortgage lender had gained 10.55% outpaced the Finance sector's gain of 2.3% and the S&P 500's loss of 1.42%.
Analysts and investors alike will be keeping a close eye on the performance of Wells Fargo in its upcoming earnings disclosure. The company's earnings report is set to go public on July 14, 2026. The company's earnings per share (EPS) are projected to be $1.74, reflecting a 12.99% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.78 billion, up 4.58% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.87 per share and revenue of $87.83 billion, which would represent changes of +9.39% and +4.93%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Wells Fargo. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.23% upward. Wells Fargo presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Wells Fargo is presently being traded at a Forward P/E ratio of 12.34. This signifies a discount in comparison to the average Forward P/E of 13.63 for its industry.
One should further note that WFC currently holds a PEG ratio of 0.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. WFC's industry had an average PEG ratio of 1.09 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 107, this industry ranks in the top 44% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.