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Wells Fargo (WFC, $50.73) gets rating boost from Barclays
Barclays boosted its rating on Wells Fargo shares, citing higher interest rates and improved internal controls.
Barclays raised rating on Wells Fargo to overweight from equal weight, mentioning that the stock is expected to gain the most of its coverage universe from higher interest rates. It has also made significant investments in control function since its retail banking sales practice issues came to light, Barclays analyst Jason Goldberg wrote in a commentary cited by CNBC.
WFC's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for WFC turned positive on May 17, 2022. Looking at past instances where WFC's MACD turned positive, the stock continued to rise in 33 of 47 cases over the following month. The odds of a continued upward trend are 70%.
Current price $45.59 crossed the support line at $43.52 and is trading between $47.41 support and $43.52 support lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a +3% Uptrend. During the week of 05/19/22 - 05/26/22, the stock enjoyed a +9% Uptrend growth.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where WFC's RSI Indicator exited the oversold zone, 16 of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 67%.
The Momentum Indicator moved above the 0 level on May 24, 2022. You may want to consider a long position or call options on WFC as a result. In 54 of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 64%.
Following a +5.34% 3-day Advance, the price is estimated to grow further. Considering data from situations where WFC advanced for three days, in 167 of 308 cases, the price rose further within the following month. The odds of a continued upward trend are 54%.
The Stochastic Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The 50-day Moving Average for WFC moved below the 200-day moving average on May 02, 2022. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WFC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 57%.
WFC broke above its upper Bollinger Band on May 26, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for WFC entered a downward trend on May 26, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 78%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.35.
The Tickeron SMR rating for this company is 2 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 27 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 54 (best 1 - 100 worst), indicating fairly steady price growth. WFC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 92 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.086) is normal, around the industry mean (0.968). P/E Ratio (9.479) is within average values for comparable stocks, (18.190). WFC's Projected Growth (PEG Ratio) (13.971) is very high in comparison to the industry average of (2.230). WFC has a moderately low Dividend Yield (0.020) as compared to the industry average of (0.049). P/S Ratio (2.364) is also within normal values, averaging (2.732).
The Tickeron PE Growth Rating for this company is 92 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WFC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock worse than average.
Major banks are among the biggest companies in the world, often times with global reach and market capitalizations in the multi-billions. Large banks often have multiple arms spanning different disciplines, from deposits, to investment banking, to wealth management and insurance. The biggest banks often have key competitive advantages over smaller players in the industry in terms of brand recognition, cost of capital, and efficiency. Think J.P. Morgan, Bank of America, Wells Fargo, and Citigroup.
The average market capitalization across the Major Banks Industry is 77.1B. The market cap for tickers in the group ranges from 191.4M to 371.1B. JPM holds the highest valuation in this group at 371.1B. The lowest valued company is MSL at 191.4M.
The average weekly price growth across all stocks in the Major Banks Industry was 3.27%. For the same Industry, the average monthly price growth was -1.57%, and the average quarterly price growth was 0.58%. BNDSF experienced the highest price growth at 12.73%, while NU experienced the biggest fall at -6.02%.
- 3/23/22 4:50 AM: Wells Fargo & Co (WFC, $53.39) was a top weekly gainer, with a +6.55% jump
- 3/15/22 5:19 AM: Wells Fargo & Co (WFC, $49.86) was a top weekly gainer, with a +8.84% jump
The average weekly volume growth across all stocks in the Major Banks Industry was -28.74%. For the same stocks of the Industry, the average monthly volume growth was -6.69% and the average quarterly volume growth was 29.99%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the 15 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 60%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.12.
22 stocks in the group of tickers exhibit a similar positive trend based on the RSI indicator with an average likelihood of 58%.
The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), HSBC Holdings PLC (NYSE:HSBC), Citigroup (NYSE:C), Barclays PLC (NYSE:BCS).
The average market capitalization across the group is 87.3B. The market cap for tickers in the group ranges from 0 to 380.2B. JPM holds the highest valuation in this group at 380.2B. The lowest valued company is BCSO at 0.
- 5/25/22 7:32 AM: Bank of China (BACHF, $0.38), market cap jumped by $20.7B
- 5/24/22 6:59 AM: Agricultural Bank of China (ACGBF, $0.37), market cap jumped by $26.6B
- 5/21/22 6:30 AM: Industrial and Commercial Bank of China (IDCBF, $0.58), market cap jumped by $33.5B
The average weekly price growth across all stocks in the group was 5.2%. For the same group, the average monthly price growth was 3%, and the average quarterly price growth was 2.11%. BNDSY experienced the highest price growth at 26.39%, while NU experienced the biggest fall at -18.48%.
- 5/25/22 7:32 AM: Barclays (BCS, $8.37) was a top weekly gainer, with a +5.15% jump
- 5/25/22 7:32 AM: Banco De Sabadell SA (BNDSF, $0.85) was a top weekly gainer, with a +12.73% jump
- 5/24/22 7:00 AM: ING Groep (ING, $10.41) was a top weekly gainer, with a +7.32% jump
The average weekly volume growth across all stocks in the group was 165.11%. For the same stocks of the group, the average monthly volume growth was 495.03% and the average quarterly volume growth was 124.81%
- 5/24/22 6:54 AM: The volume for Canadian Imperial Bank of Commerce stock increased for a consecutive 5 days, with an average daily gain of 178%
- 5/13/22 4:49 AM: The volume for Toronto Dominion Bank stock increased for a consecutive 5 days, with an average daily gain of 104%
- 5/12/22 5:32 AM: The volume for Toronto Dominion Bank stock increased for a consecutive 5 days, with an average daily gain of 105%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), HSBC Holdings PLC (NYSE:HSBC), Citigroup (NYSE:C), Barclays PLC (NYSE:BCS).
Major banks are among the biggest companies in the world, often times with global reach and market capitalizations in the multi-billions. Large banks often have multiple arms spanning different disciplines, from deposits, to investment banking, to wealth management and insurance. The biggest banks often have key competitive advantages over smaller players in the industry in terms of brand recognition, cost of capital, and efficiency. Think J.P. Morgan, Bank of America, Wells Fargo, and Citigroup.
The average market capitalization across the Major Banks Industry is 77.5B. The market cap for tickers in the group ranges from 191.4M to 380.2B. JPM holds the highest valuation in this group at 380.2B. The lowest valued company is MSL at 191.4M.
- 5/25/22 7:32 AM: Bank of China (BACHF, $0.38), market cap jumped by $20.7B
- 5/24/22 6:59 AM: Agricultural Bank of China (ACGBF, $0.37), market cap jumped by $26.6B
- 5/21/22 6:30 AM: Industrial and Commercial Bank of China (IDCBF, $0.58), market cap jumped by $33.5B
The average weekly price growth across all stocks in the Major Banks Industry was 3.08%. For the same Industry, the average monthly price growth was 1.25%, and the average quarterly price growth was 1.03%. BNDSY experienced the highest price growth at 26.39%, while NU experienced the biggest fall at -18.48%.
- 5/25/22 7:32 AM: Barclays (BCS, $8.37) was a top weekly gainer, with a +5.15% jump
- 5/25/22 7:32 AM: Banco De Sabadell SA (BNDSF, $0.85) was a top weekly gainer, with a +12.73% jump
- 5/24/22 7:00 AM: ING Groep (ING, $10.41) was a top weekly gainer, with a +7.32% jump
The average weekly volume growth across all stocks in the Major Banks Industry was -18.46%. For the same stocks of the Industry, the average monthly volume growth was 20.9% and the average quarterly volume growth was 42.61%
- 5/24/22 6:54 AM: The volume for Canadian Imperial Bank of Commerce stock increased for a consecutive 5 days, with an average daily gain of 178%
- 5/13/22 4:49 AM: The volume for Toronto Dominion Bank stock increased for a consecutive 5 days, with an average daily gain of 104%
- 5/12/22 5:32 AM: The volume for Toronto Dominion Bank stock increased for a consecutive 5 days, with an average daily gain of 105%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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