Wells Fargo: More Good Earnings To Come

(11min)

Summary

  • Wells Fargo & Company's strong earnings, robust balance sheet, and strategic focus on credit cards and technology drive positive outlook and expected 4Q 2024 performance.
  • Anticipated removal of the asset cap and collaboration with Volkswagen will enhance operational efficiency and profitability, supporting future growth.
  • Despite challenges in commercial real estate and interest rate volatility, Wells Fargo's solid fundamentals and capital position provide resilience.
  • Valuation metrics indicate WFC stock is fairly valued, with growth expected to align with peers, supported by a favorable regulatory environment.

Gold coins with hundred dollar bills

Anthony Bradshaw

Investment Thesis

Wells Fargo & Company (NYSE:WFC) is a leading financial services company that provides a wide range of banking, investment, mortgage products, and services in all 50 states.

They have about $1.9 T in assets, with four reportable

This article was written by

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2.93K Followers

I believe in fundamental analysis and disciplined market research. I have strong quant background with a Ph.D. (Chemical Engineering, University of California, Santa Barbara) in model predictive control and an MBA (Jones School of Business, Rice University). My primary focus is to identify 1) small cap companies with strong fundamentals and growth potential, 2) large cap companies going through temporary set-backs, and 3) stable companies with solid dividend yields and growth potential.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of WFC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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