Wells Fargo (NYSE: WFC) stock has surged more than 20% over the past 90 days, recently topping the $50 mark to reach its highest levels since early 2022.

Plenty of good news fueled the rise, but it's hard not to notice the spiking valuation. While the stock looks expensive compared to its recent past, there's more to this story than meets the eye.

Is Wells Fargo stock still a buy after the latest surge?

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Source Fool.com