Wells Fargo Shares Rise 1.7% Despite 10.6% Monthly Slide
Wells Fargo shares closed at $83.93, up 1.7%, outperforming the S&P 500’s 0.78% gain, the Dow’s 0.49% increase and the Nasdaq’s 1.29% rise. Shares have tumbled 10.6% over the past month while consensus forecasts Q1 EPS of $1.56 on $21.67 billion revenue and a forward P/E of 11.92 versus the industry’s 13.35.
1. Daily Trading Performance
In the latest session, Wells Fargo shares closed at $83.93, up 1.7%, outperforming the S&P 500’s 0.78% rise, the Dow’s 0.49% gain and the Nasdaq’s 1.29% increase.
2. Month‐to‐Date Trend
Over the past month, shares have lost 10.6%, compared with a 3.3% decline in the Finance sector and a 1.33% drop in the S&P 500.
3. Earnings Forecast and Valuation
Analysts project Q1 EPS of $1.56 on $21.67 billion revenue for the April 14 release, while the stock trades at a forward P/E of 11.92 versus the industry average of 13.35, and a PEG of 0.9.