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Wells Fargo & Company (WFC) [hlAlert]

Rating:
Buy WFC
up 14.20 %

Wells Fargo & Company (WFC) rated Buy with price target $60 by Argus

Posted on: Friday,  Nov 14, 2014  9:25 AM ET by Argus

Argus rated Buy Wells Fargo & Company (NYSE: WFC) on 11/14/2014. Previously Argus rated Buy Wells Fargo & Company (NYSE: WFC) on
10/16/2014., when the stock price was $47.31. Since then, Wells Fargo & Company has gained 14.20% as of 10/16/2015's recent price of $54.03.
If you would have followed the previous Argus's recommendation on WFC, you would have gained 14.2% of your investment in 365 days.

Wells Fargo & Company (Wells Fargo) is a financial holding company and a bank holding company. The Company is a diversified financial services company providing retail, commercial and corporate banking services through banking stores located in 39 states and the District of Columbia. It provides other financial services through subsidiaries engaged in various businesses, principally wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. The Company operates in three segments: Community Banking, Wholesale Banking and Wells Fargo Financial. On December 31, 2008, Wells Fargo acquired Wachovia Corporation (Wachovia).

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/14/2014 9:25 AM Buy
None
53.39 60.00
as of 10/17/2014
1 Week up  9.48 %
1 Month up  12.81 %
3 Months up  9.55 %
1 YTD down  -1.29 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/16/2014 8:25 AM Buy
None
47.31 54.00
1/13/2009 1:25 PM Sell
None
24.23
10/6/2008 9:25 AM Hold
None
33.64

(*) Stock Price at the time of the recommendation.
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