Better Buy: Wells Fargo & Company vs. Bank of America
The banking sector has been one of the market's top performers over the past year or so, and there could be more good times ahead. If interest rates continue to rise, tax reform passes, and banking regulations get loosened, there could be more upside for bank stocks in the coming years.
Two of the biggest players in the industry are Wells Fargo (NYSE: WFC) and Bank of America (NYSE: BAC), and they are two very different ways to play the sector. For one thing, Wells Fargo is a pure-play commercial bank, while Bank of America has a much more diverse business. And while Bank of America has been one of the sector's biggest winners, Wells Fargo has underperformed.
Is Wells Fargo a bargain, or is it still dangerous? Has Bank of America gotten too expensive? Here's a look at these two bank stocks, and which could be the better buy now.
Source: Fool.com
Wells Fargo & Co. Stock
We see a rather positive sentiment for Wells Fargo & Co. with 18 Buy predictions and 1 Sell predictions.
As a result the target price of 60 € shows a slightly positive potential of 4.93% compared to the current price of 57.18 € for Wells Fargo & Co..
