Wells Fargo (WFC) Offering Possible 27.55% Return Over the Next 8 Calendar Days

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Wells Fargo’s most recent trend suggests a bullish bias. One trading opportunity on Wells Fargo is a Bull Put Spread using a strike $47.00 short put and a strike $42.00 long put offers a potential 27.55% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.00 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock dropped below the $42.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Wells Fargo is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Wells Fargo is bullish.

The RSI indicator is at 60.34 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Wells Fargo

Wells Fargo NeighborhoodLIFT Program Returns to Houston to Create 300 Homeowners
Tue, 05 Oct 2021 15:09:00 +0000
HOUSTON, October 05, 2021–Wells Fargo will bring the NeighborhoodLIFT® program to Houston to help more than 300 people get on a path to homeownership

Wells Fargo is pushing back its office return, but U.S. Bank, Huntington and others stand pat
Mon, 04 Oct 2021 21:23:43 +0000
Wells Fargo & Co. last week pushed its return-to-office plans back to Jan. 10, 2022 — but other banks with a large presence in the Twin Cities so far aren’t following suit.

Wells Fargo (WFC) Unveils Reflect, 2nd in Visa Card Suite
Mon, 04 Oct 2021 17:47:05 +0000
Wells Fargo’s (WFC) launch of the Reflect card will reward cardholders by extending the 0% introductory APR for 21 months on timely payments — a mammoth differentiator that consumers deserve.

Don’t bank on fourth stimulus — these stocks offer income checks rising as fast as 11%
Mon, 04 Oct 2021 12:00:00 +0000
One-time payments are helpful. But these dividends could go grow forever.

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution
Fri, 01 Oct 2021 22:06:00 +0000
SAN FRANCISCO, October 01, 2021–The Wells Fargo Utilities and High Income Fund (NYSE American: ERH) released information about the sources of today’s distribution in a Notice provided to shareholders. The full text of the Notice is available below and on the Wells Fargo Asset Management website.

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