Wells Fargo's Revenue Falls Short, but the Stock Could Be a Bargain
Earnings season is now underway, and investors were curious to hear from Wells Fargo (NYSE: WFC) to see how it's recovering from its 2016 fake-accounts scandal. And as we just learned, the bank's results for the quarter were mixed. While the bank earned a higher profit than analysts had expected, revenue fell short for the quarter. Here are some of the key takeaways from the report -- and why Wells Fargo could be a bargain.
As of midday on the day of Wells Fargo's earnings announcement, the stock had fallen by 2%. And to be perfectly clear, there's a reason for the drop.
2016 was a rough year for the bank, but the future still looks bright. Image source: Getty Images.
Source: Fool.com
Wells Fargo & Co. Aktie
48,86 €
-4,57 %
Die Wells Fargo & Co. Aktie verzeichnet mehrere Buy-Einschätzungen, was auf eine positive Stimmung hindeutet.
Das Kursziel von 60 € für Wells Fargo & Co. bedeutet eine deutliche Steigerung von über 20% gegenüber dem aktuellen Kurs von 48.86 €.
