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Jim Cramer advises caution regarding Wells Fargo & Company (WFC), suggesting investors wait for a better entry point as it trades at 12 times earnings. While he acknowledges the bank's potential, he emphasizes that AI stocks may offer higher returns in a shorter timeframe. Cramer also critiques the past free trade policies, advocating for tariffs to revive American manufacturing jobs.
Jim Cramer advised caution regarding Wells Fargo & Company (WFC), suggesting investors should not rush to buy. He expressed support for the president's shift away from free trade, emphasizing the need for tariffs to revive American manufacturing jobs, which have been lost due to past trade agreements. Cramer highlighted the societal and economic damage caused by the influx of cheap goods, advocating for a clear plan to restore these jobs and address the resulting despair in affected communities.
Wells Fargo & Company recently announced a quarterly dividend of $0.40, with an ex-dividend date of February 7th, and a payout ratio of 29.74%. Analysts have set new price targets, with a consensus rating of "Moderate Buy" and a target price of $74.97, while hedge funds own 75.90% of the stock. The company's shares opened at $70.71, reflecting a 2.2% decline, with a market cap of $230.87 billion and a P/E ratio of 13.14.
Inkwell Capital LLC acquired 48,030 shares of Wells Fargo & Company (NYSE:WFC) valued at approximately $3.37 million, making it the fund's 13th largest holding. Analysts have mixed views, with Goldman Sachs raising its price target to $82, while Citigroup lowered it to $78. The company recently reported earnings of $1.43 per share, exceeding estimates, and announced a quarterly dividend of $0.40 per share, reflecting a yield of 2.26%.
Wells Fargo & Company (NYSE: WFC) reported Q4 earnings of $1.43 per share, exceeding estimates of $1.34, despite a slight revenue decline to $20.38 billion. The firm declared a quarterly dividend of $0.40, yielding 2.26%, with a payout ratio of 29.74%. Analysts maintain a "Moderate Buy" rating, with a consensus price target of $74.97.
New tariffs imposed by the Trump administration are projected to raise U.S. consumer prices, with an expected increase in the effective tariff rate from 2% in 2024 to 8% in 2025. However, Wells Fargo economists suggest that factors like exchange rates, foreign price adjustments, and high profit margins in goods-related industries may cushion the inflationary impact. Despite these mitigating factors, a 0.6 percentage point rise in year-over-year consumer price inflation is anticipated, with core PCE inflation expected to remain above the Federal Reserve's target through 2026.
Wells Fargo & Company reported a return on equity of 12.38% and a net margin of 15.73%, with quarterly revenue down 0.5% year-over-year. The firm announced a quarterly dividend of $0.40 per share, yielding 2.26%, and has a dividend payout ratio of 29.74%. Analysts forecast earnings per share of 5.89 for the current year, while the stock has a consensus rating of "Moderate Buy" with an average price target of $74.97.
Summit Securities Group LLC acquired a new stake in The Goldman Sachs Group, purchasing 14,600 shares valued at approximately $8.36 million, making it the firm's 7th largest position. Insider trading saw significant sales, with Kathryn H. Ruemmler selling 7,498 shares for nearly $4.76 million. The company reported strong quarterly earnings, beating estimates with $11.95 EPS and a revenue of $13.87 billion, reflecting a 22.5% year-over-year increase.
Wells Fargo & Company reported a return on equity of 12.38% and a net margin of 15.73%, with quarterly revenue of $20.38 billion, slightly below expectations. The firm declared a quarterly dividend of $0.40 per share, yielding 2.26%, and has a dividend payout ratio of 29.74%. Analysts predict an EPS of 5.89 for the current fiscal year, while the stock has a "Moderate Buy" rating with an average price target of $74.97.
Wells Fargo & Company reported a quarterly EPS of $1.43, surpassing estimates, but revenue fell slightly to $20.38 billion. The firm announced a quarterly dividend of $0.40, yielding 2.26%, with a payout ratio of 29.74%. Analysts maintain a "Moderate Buy" rating, with a consensus price target of $74.97.
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