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Here’s what brokers are saying about Wells Fargo following its Q1 earnings announcement
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Brokers have given a thumbs-up to Wells Fargo & Company (NYSE: WFC) with their ‘Buy’ ratings following the release of its Q1 earnings. With over US$ 1.9 trillion in balance sheet assets, Wells Fargo makes up one of the largest banks in the United States. The company has four major segments: consumer banking, commercial banking, corporate and investment banking and finally, wealth and investment management.
Odeon Capital Group recently upgraded its rating on the stock from ‘Hold’ to ‘Buy’ with a target price of US$ 44.60. According to Refinitiv, the consensus rating on the stock is ‘Buy’ as on April 20, 2023.
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