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
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jan 2021 | Seaport Global | Upgrades | Neutral | Buy |
| Jan 2021 | Raymond James | Maintains | Outperform | |
| Jan 2021 | UBS | Upgrades | Neutral | Buy |
View More Analyst Ratings for WFC
View the Latest Analyst Ratings
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