Market Overview

Why Wells Fargo's Stock Is Trading Lower Today


Wells Fargo (NYSE: WFC) shares are trading lower on Thursday, after Morgan Stanley maintained an Equal-Weight rating on the stock and lowered its price target from $29 to $27.

Wells Fargo is one of the largest banks in the U.S., with approximately $1.9 trillion in balance sheet assets. The company is split into three segments for reporting purposes: community banking; wholesale banking; and wealth and investment management.

Wells Fargo shares were trading down 5.96% at $27.94 on Thursday. The stock has a 52-week high of $54.75 and a 52-week low of $22.

Related Links:

Wells Fargo Trades Lower On Q4 Earnings Miss

Wells Fargo Reports Q2 Earnings Beat

Latest Ratings for WFC

Jan 2021Seaport GlobalUpgradesNeutralBuy
Jan 2021Raymond JamesMaintainsOutperform
Jan 2021UBSUpgradesNeutralBuy

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