Wells Fargo & Company Stock On the Move After Today's News

Wells Fargo & Company rose 1.6% during the morning session to $41.95 per share. As reported by Barrons: "Wynn Stock Boosted by China's Macau Casinos Reopening. Gets Upgrade. ..." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company belongs to the Financial Services sector, which has an average price to earnings (P/E) ratio of 13.34 and an average price to book (P/B) ratio of 1.95. In contrast, Wells Fargo & Company has a trailing 12 month P/E ratio of 10.9 and a P/B ratio of 1.0.

Wells Fargo & Company has moved -21.7% over the last year compared to -19.9% for the S&P 500 -- a difference of -1.8%. Wells Fargo & Company has a 52 week high of $60.3 and a 52 week low of $36.54. At today's price of $41.95 per share, Wells Fargo & Company is -21.96% away from its target price of $53.75, and on average, analysts give the stock a rating of buy. 0.7% of the company's shares are linked to short positions, and 74.5% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.