Wells Fargo & Company (NYSE:WFC) ranks among the hot stocks to invest in right now. On September 4, Piper Sandler reaffirmed its Overweight rating and $87 price target on Wells Fargo & Company, pointing to the company’s solid underwriting procedures and long-term growth prospects.
During a recent group discussion between institutional investors and Wells Fargo’s SEVP & CEO of Consumer Lending, the company emphasized that its consumer clients continue to be resilient, especially in higher-end cohorts.
The car loan sector is allegedly turning a cycle and returning to growth mode, while Home loans remain less prominent and more targeted than Wells Fargo’s previous approach, with continued rationalization hiding deeper expansion overall.
Wells Fargo & Company is a financial services corporation that provides banking, investment, mortgage, and lending products.
READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.
This article is originally published at Insider Monkey.
