Wells Fargo & Co
WFC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| y! | LOCK|@^q | LOCK|>^lMJj |
Wells Fargo Earnings: Shares Up 7% as Bank Improves ROTE Guidance to 17%-18% After Asset Cap Removal
Wells Fargo reported a good set of numbers, resulting in third-quarter earnings of $1.66 per share, equating to an annualized return on total equity of 15.2%. While earnings were strong, the main highlight was the discussion around the updated medium-term return target.
