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.
