Wells Fargo are we good to participate in the banking industry?
Hi guys ,off to our next opportuntiy WFC , currently one of the bigger banks in the US which have some good upside potential!
Fundamentals :
Financial Performance
In the third quarter of 2024, Wells Fargo reported a net income of $5.1 billion.
This performance reflects the company's resilience and adaptability in a dynamic economic environment.
Wells Fargo offers a comprehensive range of services, including banking, insurance, investments, mortgage, leasing, and credit cards. The company operates approximately 5,200 branches and 13,000 ATMs, serving one in three U.S. households and more than 10% of small businesses in the U.S.
The company has been under a regulator-imposed asset cap of approximately $1.95 trillion since February 2018, following past regulatory issues. There is anticipation that this cap may be lifted in 2025, which could significantly enhance Wells Fargo's growth and profitability.
Wells Fargo remains a significant player in the financial services industry, demonstrating both strengths and challenges. The company's extensive range of services and substantial asset base position it well for future opportunities, while ongoing regulatory and market challenges require careful navigation.
Entry : On market open
Target: 87.15
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Fundamentals :
Financial Performance
In the third quarter of 2024, Wells Fargo reported a net income of $5.1 billion.
This performance reflects the company's resilience and adaptability in a dynamic economic environment.
Wells Fargo offers a comprehensive range of services, including banking, insurance, investments, mortgage, leasing, and credit cards. The company operates approximately 5,200 branches and 13,000 ATMs, serving one in three U.S. households and more than 10% of small businesses in the U.S.
The company has been under a regulator-imposed asset cap of approximately $1.95 trillion since February 2018, following past regulatory issues. There is anticipation that this cap may be lifted in 2025, which could significantly enhance Wells Fargo's growth and profitability.
Wells Fargo remains a significant player in the financial services industry, demonstrating both strengths and challenges. The company's extensive range of services and substantial asset base position it well for future opportunities, while ongoing regulatory and market challenges require careful navigation.
Entry : On market open
Target: 87.15
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.