Market Overview

Why Wells Fargo's Stock Is Trading Lower Today

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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

DateFirmActionFromTo
Jan 2021Seaport GlobalUpgradesNeutralBuy
Jan 2021Raymond JamesMaintainsOutperform
Jan 2021UBSUpgradesNeutralBuy

View More Analyst Ratings for WFC
View the Latest Analyst Ratings

 

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Posted-In: why it's movingPrice Target Analyst Ratings

Latest Ratings

StockFirmActionPT
PINSStifelInitiates Coverage On85.0
HTLDStifelUpgrades23.0
HEGuggenheimDowngrades30.0
ACLSNeedhamMaintains42.0
CTVARedburnDowngrades
View the Latest Analytics Ratings
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