With a Recession Looming, Should Wells Fargo Investors Be Worried?

By Matt Frankel – Apr 20, 2023 at 6:22AM

NYSE: WFC

Wells Fargo

Market Cap

$212B

Today's Change

(-1.11%) -$0.67

Current Price

$59.93

Price as of April 25, 2024, 4:00 p.m. ET

The big bank reported strong earnings, but loan losses are rising.

Wells Fargo (WFC -1.11%) recently reported its first-quarter earnings, and for the most part, the numbers look strong. In this video, Matt Frankel, CFP®, discusses some of the key numbers and some potential trouble spots to watch.

*Stock prices used were the afternoon prices of April 18, 2023. The video was published on April 18, 2023.

Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Matthew Frankel, CFP® has positions in Wells Fargo. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.