WFC - Wells Fargo Stock: It Was A Nice Rally But Some Risks Remain (Rating Downgrade)
2024-04-05 08:00:00 ET
Summary
- Wells Fargo stock has delivered a 41% total return since September 2023, outperforming the broader U.S. market.
- I am very cautious about Wells Fargo's upcoming earnings release given the tight monetary environment which is likely to last for longer.
- WFC stock is still slightly undervalued, but I think that a 5% upside potential does not warrant the risk.