Wells Fargo saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 67 to 71.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the best stocks often have an RS Rating of over 80 in the early stages of their moves. See if Wells Fargo can continue to rebound and clear that threshold.
Wells Fargo is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could launch a new move.
Earnings grew 16% last quarter, up from 6% in the prior report. Revenue also increased, from -3% to 1%.
Wells Fargo holds the No. 18 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR, Barclays ADR and Banco Bilbao Vizcaya ADR are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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