Professional
Added to YB: 2025-01-16
Pitch date: 2024-12-31
WFC [bullish]
Wells Fargo & Company
+34.47%
current return
Author Info
No bio for this author
Company Info
Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally.
Market Cap
$282.0B
Pitch Price
$68.98
Price Target
N/A
Dividend
2.00%
EV/EBITDA
N/A
P/E
14.80
EV/Sales
N/A
Sector
Banks
Category
value
Oakmark Fund Portfolio Holding: Wells Fargo & Company
WFC: Q3 earnings strong with improved efficiency ratio, controlled expenses, 12% fee income growth. $3.5B shares repurchased in Q3, $16B YTD. Post-election optimism for financials due to potential deregulation & lower taxes. Competitively advantaged bank with superior business mix & return potential.
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