Can Wells Fargo’s Stock Recover To $37 Anytime Soon?

Can Wells Fargo’s Stock Recover To $37 Anytime Soon?

Comparing the trend in Wells Fargo's (NYSE: WFC) stock over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can potentially gain 25% once fears surrounding the coronavirus outbreak are put to rest.. Wells Fargo's Stock Has Fallen Considerably Because The Situation On The Ground Has Changed. Wells Fargo has a sizable loan portfolio of around $399 billion in community loans and $456 billion in commercial loans (as per 2019 data).. We believe Wells Fargo's Q1 and Q2 results will confirm this reality with a drop in both community and commercial banking revenues.. We see WFC stock declined from levels of around $26 in October 2007 (the pre-crisis peak) to roughly $9 in March 2009 (as the markets bottomed out) - implying that the stock lost as much as 65% of its value from its approximate pre-crisis peak.. The complete set of coronavirus impact and timing analyses is available .. Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you touch, read, or hear about everyday, impact its stock price..