5 Best Low Cost Stocks To Buy Under $75

In this article, we discuss the 5 best low cost stocks to buy under $75. You can go through our detailed analysis of the current stock market investment trends, and go directly to read 15 Best low cost Stocks To Buy Under $75.

5. Wells Fargo & Company (NYSE:WFC)

Share Price as of January 27: $50.32

Number of Hedge Fund Holders: 77

Established in 1852, Wells Fargo & Company (NYSE:WFC) is a prominent financial services entity that offers a comprehensive range of banking, investment, mortgage, consumer, and commercial finance products and services. With assets nearing $1.9 trillion, it holds a significant position as one of the leading financial services providers in the United States.

In the quarter ending December 31, 2023, Wells Fargo & Company (NYSE:WFC) reported a net income of $3.45 billion, or $0.86 per share, a slight increase from $3.16 billion, or $0.75 per share, in the same period in 2022. The earnings were impacted by a $1.9 billion charge related to a Federal Deposit Insurance Corporation special assessment linked to the failures of Silicon Valley Bank and Signature Bank, as well as a $969 million charge attributed to severance expenses. Additionally, Wells Fargo & Company (NYSE:WFC) recorded a $621 million, or $0.17 per share, tax benefit. Excluding these items, the company earned $1.29 per share, surpassing analysts’ predictions.

During Q3 2023, 77 out of the 910 hedge funds tracked by Insider Monkey were investors in the bank. Wells Fargo & Company (NYSE:WFC)’s largest hedge fund shareholder is Eisler Capital, holding a stake valued at $2.23 billion.