Wells Fargo’s stock has gained approximately 7% YTD as compared to the 5% drop in the S&P500 index over the same period. Further, at its current price of $51 per share, it is trading 16% below its fair value of $61 – Trefis’ estimate for Wells Fargo’s valuation. The mortgage banking giant posted... more...
"One key data marker is March retail sales early Wednesday. So far this year, this benchmark has delivered mixed results, but traditional brick and mortar stocks have done well. In February, retail sales fell 0.1%.""There’s also the Producer Price Index on Wednesday morning, and the Consumer Price Index on Thursday. Both PPI and CPI fell in February, but core CPI, which excludes volatile food and energy components, rose in both January and ...