Wells Fargo Stock Has A 65% Upside Over The Next 1-2 years
- Date: 29-Oct-2020
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Wells Fargo Stock Has A 65% Upside Over The Next 1-2 years
NEW YORK, UNITED STATES - 2020/08/21: An elderly man wearing a face mask passes by a Wells Fargo ... [+] branch in Midtown area of New York City. (Photo by John Nacion/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
We believe that Wells Fargo stock (NYSE: WFC) has an upside potential of 65% over a period of 1-2 years, as the loan repayment capacity of its banking customers improves. WFC trades at $22 currently and it has lost 58% in value year-to-date. It traded at a pre-Covid high of $46 in February and is 53% below that level now. Also, WFC stock has lost 12% from the $25 level seen in March 2020, despite the multi-billion dollar stimulus package announced by the
Select Sector 
Select Country 
