Should You Buy Wells Fargo Into Earnings?
StockNews
Published Apr 14, 2021 12:16PM ET
Updated Apr 14, 2021 01:30PM ET
Should You Buy Wells Fargo Into Earnings?
Wells Fargo (NYSE:WFC) has been a notorious underpeformer for many years. Yet, it's starting to show signs of life with an impressive 60% gain in the last few months. Patrick Ryan breaks down what you need to know.Wells Fargo (WFC) has been on a tear across the past six months. The stock was below $25 in mid-October and is up nearly 60% since then.
The primary reasons for its strong gains are the rise in interest rates, the improving economic outlook, and a hot housing market.
Will WFC continue to move higher? Let’s take a closer look at this red-hot banking stock to get a sense of its direction in the weeks and months ahead.
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