Wells Fargo Jumps 46.3% YTD: Time to Add the Stock to Your Portfolio?
Wells Fargo(WFC) ZACKS·2024-12-17 03:00Shares of Wells Fargo & Company (WFC) have soared 46.3% year-to-date compared with the industry’s rise of 44.4%. The stock has also fared better than its peers, JPMorgan (JPM) and Morgan Stanley (MS) , over the same time frame.Price Performance Image Source: Zacks Investment Research The stock is trading above its 50-day moving average, indicating a bullish sentiment among investors.50-Day Moving Average Image Source: Zacks Investment Research Let us find out the reasons behind WFC’s solid performance this ...