Wells Fargo (WFC) Down In Pre-Market Trading
Trade-Ideas LLC identified Wells Fargo ( WFC) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Wells Fargo as such a stock due to the following factors:
- WFC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $803.9 million.
- WFC traded 11,327 shares today in the pre-market hours as of 9:00 AM.
- WFC is down 2% today from yesterday's close.
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More details on WFC: Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The stock currently has a dividend yield of 3%. WFC has a PE ratio of 12. Currently there are 14 analysts that rate Wells Fargo a buy, 2 analysts rate it a sell, and 6 rate it a hold. The average volume for Wells Fargo has been 19.8 million shares per day over the past 30 days. Wells Fargo has a market cap of $253.7 billion and is part of the financial sector and banking industry. The stock has a beta of 0.91 and a short float of 0.5% with 1.44 days to cover. Shares are down 6.9% year-to-date as of the close of trading on Monday.
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Analysis:
rates Wells Fargo as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and attractive valuation levels. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 6.7%. Since the same quarter one year prior, revenues slightly increased by 3.9%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- The gross profit margin for WELLS FARGO & CO is currently very high, coming in at 89.66%. Regardless of WFC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, WFC's net profit margin of 23.62% compares favorably to the industry average.
- WELLS FARGO & CO' earnings per share from the most recent quarter came in slightly below the year earlier quarter. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, WELLS FARGO & CO increased its bottom line by earning $4.12 versus $4.10 in the prior year. For the next year, the market is expecting a contraction of 0.4% in earnings ($4.10 versus $4.12).
- The change in net income from the same quarter one year ago has exceeded that of the S&P 500 and the Commercial Banks industry average. The net income has decreased by 5.9% when compared to the same quarter one year ago, dropping from $5,804.00 million to $5,462.00 million.
- You can view the full Wells Fargo Ratings Report.
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