Wells Fargo: Great Q3 Earnings, But Momentum May Be Tough To Sustain
Wells Fargo(WFC) Seeking Alpha·2024-10-12 05:41
Wells Fargo & Company (NYSE:WFC) announced its Q3 earnings on Friday, and investors are enthusiastic, with shares jumping about 6% on the news. And that's an understandable reaction. A quick glance at the results shows that Wells Fargo is doing an excellent job operationally, making the absolute most of the current operating environment despite facing significant regulatory constraints. However, when taking a closer look at the core metrics, I see reasons for caution as we head toward 2025. To be clear, I'v ...