Wells Fargo & Company is a diversified American financial holding company. The services offered by its subsidiaries include corporate and private banking, mortgage loans, financing, leasing, stock trading, asset management and insurance.

Strong Third Quarter For the third quarter, the company reported a net interest income of $13.10 billion compared to $12.09 billion in the same period of the previous year. Net profit amounted to $5.76 billion compared to $3.59 billion in the previous year. Earnings per share from the $1.49 compared to $0.87 a year ago.

Profit growth in the first 9 months The business figures also look good in the 9-month comparison. Net interest income has increased to $39.60 billion compared to $31.51 billion a year ago. Net profit amounted to $15.69 billion compared to $10.52 billion a year ago. The undiluted earnings per share from continuing operations amounted to $3.99 compared to $2.54 a year ago.

New planning tool also for private customers Since the beginning of the year, customers of the asset management have been able to use the planning tool. Now it should also be available to private customers. It includes features such as tracking financial goals and account overviews, FICO credit scores, market indices and credit card balances. Customers can also search for bankers for advisors.

Weak chart, but stock potential up to 59% Conclusion: Since the beginning of the year, the share price has only increased slightly, as you can see from the chart. Currently, a downward trend continues to dominate. What stands out, however, are the high fluctuations. What is the sentiment among the analysts? 17 of 27 analysts recommend buying and 10 analysts recommend holding. The average analyst price target is $50. The highest analyst price target is $66, up from $61 last month – for you as an investor a maximum stock potential of 59%. As an investor, you get a bonus for holding out: a dividend yield of 3.43%. It is paid out, as is customary in the US, quarterly.