Wells Fargo Shares Gain 1.33% as Q1 EPS Forecast Jumps 22.8%
Wells Fargo shares rose 1.33% to $88.56, outpacing the S&P 500’s 0.56% gain and broader market advances. Analysts forecast Q1 EPS of $1.56, up 22.8% year-over-year, and revenue of $21.66 billion, while full-year consensus projects EPS of $6.88 and revenue of $88.29 billion.
1. Recent Stock Performance
Wells Fargo shares rose 1.33% to $88.56 in the latest session, outperforming the S&P 500’s 0.56% gain, the Dow’s 0.26% advance and the Nasdaq’s 0.78% rise.
2. Quarterly Earnings Forecast
Analysts estimate first-quarter EPS of $1.56, marking a 22.83% increase from a year ago, and project revenue of $21.66 billion, up 7.49% year-over-year. For the full fiscal year, consensus calls for EPS of $6.88 (up 9.55%) and revenue of $88.29 billion (up 5.48%).
3. Valuation Metrics and Analyst Ratings
Wells Fargo carries a forward P/E ratio of 12.7, trading at a discount to the industry average of 14.35. The stock’s PEG ratio is 0.96 versus the Financial–Investment Bank group average of 1.15, and it holds a midrange analyst rating of Hold (Zacks Rank #3).