Wells Fargo: Q2 Earnings Suggest NII Drops Are Bottoming (Rating Upgrade)
Wells Fargo(WFC) Seeking Alpha·2024-07-17 11:21
Anne Czichos/iStock Editorial via Getty ImagesAround two months ago, I analyzed Wells Fargo & Company (WFC) and gave them a hold rating. After that analysis, the stock price hasn't had material movements, and the rally experienced from November to May, which appreciated up to 57.38%, has calmed down. Seeking AlphaLast week, WFC and other major banks started the Q2 earnings release season, and in this analysis, I will go through their results to assess the situation exhibited in Q2 and determine if ther ...