Wells Fargo & Co. (NYSE: WFC) Up 19.34% YTD: Could Trouble Be Ahead?

Wells Fargo & Co. (NYSE:WFC)’s traded shares stood at 24.45 million during the last session, with the company’s beta value hitting 1.19. At the close of trading, the stock’s price was $58.74, to imply an increase of 2.73% or $1.56 in intraday trading. The WFC share’s 52-week high remains $58.44, putting it 0.51% up since that peak but still an impressive 38.03% since price per share fell to its 52-week low of $36.40. The company has a valuation of $207.96B, with an average of 18.75 million shares over the past 3 months.

Wells Fargo & Co. (NYSE:WFC) trade information

After registering a 2.73% upside in the last session, Wells Fargo & Co. (WFC) has traded red over the past five days. The stock hit a weekly high of 59.13, jumping 2.73% in its intraday price action. The 5-day price performance for the stock is 3.62%, and 3.03% over 30 days. With these gigs, the year-to-date price performance is 19.34%.

Wells Fargo & Co. (WFC) estimates and forecasts

Looking at statistics comparing Wells Fargo & Co. share performance against respective industry, we note that the company has underperformed competitors. Wells Fargo & Co. (WFC) shares are 39.92% up over the last 6 months, with its year-to-date growth rate lower than industry average at -8.10% against -6.10%.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 2.48% for the past 5-year period. While 2024 is set for a 3.09% return in earnings, projections for the next 5 years are at 6.67% annually.

WFC Dividends

Wells Fargo & Co. has its next earnings report out on July 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Wells Fargo & Co. has a forward dividend ratio of 1.35, with the share yield ticking at 2.30% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.