Net Interest Income Down 9% In Q2, What To Expect From Wells Fargo Stock?
WFCWells Fargo(WFC) Forbes·2024-07-17 19:15

Wells Fargo in Washington D.C. in the United States of America, on July 12th, 2024. (Photo by Beata ... [+] Zawrzel/NurPhoto via Getty Images)NurPhoto via Getty ImagesWells Fargo’s stock (NYSE: WFC) has lost 17% YTD, as compared to the 18% rise in the S&P500 index over the same period. In sharp contrast, Wells Fargo’s peer, Bank of America (NYSE: BAC), is up 25% YTD. Overall, at its current price of $58 per share, WFC stock is trading 10% below its fair value of $64 – Trefis’ estimate for Wells Fargo’s valu ...