Wells Fargo & Co. (NYSE: WFC)’s Potential for Significant Price Increase in the Near Future

In the last trading session, 16.23 million Wells Fargo & Co. (NYSE:WFC) shares changed hands as the company’s beta touched 1.18. With the company’s per share price at $60.19 changed hands at $0.25 or 0.42% during last session, the market valuation stood at $209.84B. WFC’s last price was a discount, traded about -2.61% off its 52-week high of $61.76. The share price had its 52-week low at $36.40, which suggests the last value was 39.52% up since then. When we look at Wells Fargo & Co.’s average trading volume, we note the 3-month average coming to 18.97 million.

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

Instantly WFC was in green as seen at the end of in last trading. With action 0.65%, the performance over the past five days has been green. The jump to weekly highs of 60.88 added 0.42% to the stock’s daily price. The company’s shares are showing year-to-date upside of 22.29%, with the 5-day performance at 0.65% in the green. However, in the 30-day time frame, Wells Fargo & Co. (NYSE:WFC) is 4.86% up.

Wells Fargo & Co. (WFC) estimates and forecasts

Data shows that the Wells Fargo & Co. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 48.58% over the past 6 months, a -7.73% in annual growth rate that is considerably lower than the industry average of -5.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.48%. The 2024 estimates are for Wells Fargo & Co. earnings to increase by 3.81%, but the outlook for the next 5-year period is at 6.67% per year.

WFC Dividends

Wells Fargo & Co. is expected to release its next quarterly earnings report in June. The 1.74% annual yield figure for the share gives it an annual dividend of 1.05. It is important to note, however, that the 1.74% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.