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Category: Wells Fargo (WFC), Citigroup (C) and Bank of America (BAC)
Date: 21 April 2021 Stock price of Wells Fargo: $42.54 Stock price of Citigroup: $69.79 Stock price of Bank of America: $38.08 In this article we take a look at the stock price performance of Wells Fargo (WFC), Citigroup (C) and Bank of America (BAC) over the last 5 years. We also take a look at which of these stocks is best placed to outperform over the medium term.
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Based on this the stock of Citigroup offers the most value with it offering an almost 30% discount to our target price, while Bank of America offers the least amount of value at their current stock price with it trading at a 8% discount to our target price. Wells Fargo falls in the middle with it offering about 21% discount to our target price. "
More About Wells Fargo (WFC)
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a lowcarbon economy.
More About Citigroup (C)
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
More About Bank of America (BAC)
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,800 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and 2,000 business centers; approximately 16,800 ATMs; and awardwinning digital banking with approximately 38 million active users, including approximately 29 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
Stock price history of Wells Fargo, Bank of America and Citigroup over the last 5 years
The image below shows the stock price history of Wells Fargo, Bank of America and Citigroup over the last 5 years. So which of these financial services firms stock has been the best performer over the last 5 years?
- Bank of America (BAC): 173.4%
- Citigroup (C): 61.7%
- Wells Fargo (WFC): -11.8%
Stock price target for Wells Fargo, Bank of America and Citigroup
Below our stock price targets for Wells Fargo, Bank of America and Citigroup based on their 1st quarter 2021 earnings that was reported earlier in the week.
So which stock offers the most value at their current price based on our target price?
The below shows the ratio of stock price over the stock price target. A ratio of above 1 shows a stock is overvalued. A value of 1 shows fully valued and a value of below 1 shows undervalued.
Based on this the stock of Citigroup offers the most value with it offering an almost 30% discount to our target price, while Bank of America offers the least amount of value at their current stock price with it trading at a 8% discount to our target price. Wells Fargo falls in the middle with it offering about 21% discount to our target price.
- Citigroup: $98.40
- Bank of America: $41.20
- Wells Fargo: $53.20
So which stock offers the most value at their current price based on our target price?
The below shows the ratio of stock price over the stock price target. A ratio of above 1 shows a stock is overvalued. A value of 1 shows fully valued and a value of below 1 shows undervalued.
- Bank of America: 0.92
- Wells Fargo: 0.79
- Citigroup: 0.709
Based on this the stock of Citigroup offers the most value with it offering an almost 30% discount to our target price, while Bank of America offers the least amount of value at their current stock price with it trading at a 8% discount to our target price. Wells Fargo falls in the middle with it offering about 21% discount to our target price.
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