Wells Fargo has been providing financial services for over 100 years

Wells Fargo Is Playing Catch-Up

Jun. 4, 2020 7:48 PM ET|20 comments  | About: Wells Fargo & Company (WFC), Includes: BACJPM

The Value Trend

The Value TrendValue, growth at reasonable price, long-term horizon(2,809 followers)Summary

Wells Fargo has underperformed its peers and the market in the last 5 years, but this could soon change.

Below I compare Wells Fargo to its peers and discuss the outook on the banking sector.

With the asset ban lifted and under new management Wells Fargo is well positioned to catch-up to its peers and deliver some great returns.

Thesis Summary

Wells Fargo & Company (WFC) has been badly beaten down by the pandemic. Its latest performance has not been great and it has paid the price of regulatory constraints and regulations. However, the worst may be behind us in terms of the pandemic and Wells Fargo is also looking at an improved outlook. With the asset ban at least temporarily lifted and an impending economic recovery, we could see the company deliver some stellar returns.

Source: Joylibby.com

Company Overview

Wells Fargo has been providing financial services for over 100 years. The bank is a lot smaller in size than some of the other big names due to regulatory limitations but it has still made a name for itself in the industry. It operates in three main segments; community Banking, Wholesale Banking, and Wealth, and Investment Management. Below, we can see an extract from the companies latest quarterly report.

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