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Where Will Wells Fargo Be in 1 Year?

TheMotleyFool

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Where Will Wells Fargo Be in 1 Year?Photo, wide shot, wide-angle lens, Bank, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/3aa597ca-f944-4a9b-bf8d-3071f3b5a5c9.png

It has been an eventful year for Wells Fargo (NYSE: WFC), to say the least. The bank booked a $2.4 billion loss in the second quarter of the year and has trimmed its dividend by 80%. Longtime Wells Fargo investor Warren Buffett and his company Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) have also significantly cut their position in the bank, and many believe the love affair between Buffett and Wells Fargo may soon be finished for good.

Meanwhile, regulatory issues have not faded, and the bank's stock is now only trading at around 65% of tangible book value. With 2020 starting to wind down, where will Wells Fargo be one year from now?

Image source: Wells Fargo.

Source Fool.com

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