Wells Fargo's Growth Rate Is Slowing Down
For investors in Wells Fargo (NYSE: WFC), one of the most important questions right now facing the bank is whether, in the wake of its fake-account scandal, it can continue producing the same type of returns and growth that made it a market darling in the not-so-distant past.
The early indications aren't good. You can see this in the chart below, which compares the year-over-year growth rate of Wells Fargo's book value per share to the average of the six largest banks in the country.
Data source: YCharts.com. Chart by author.
Source: Fool.com
Wells Fargo & Co. Stock
€57.29
-0.310%
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 4.73% compared to the current price of 57.29 € for Wells Fargo & Co..
