Wells Fargo & Company (WFC)
Wells Fargo & Company is a leading American multinational financial services firm headquartered in San Francisco, California. With a diverse range of offerings including banking, investment, mortgage, and consumer and commercial finance, Wells Fargo operates across a vast network of locations in the United States and globally. The company is committed to providing innovative financial solutions while maintaining a focus on customer-centric services and responsible banking practices, positioning itself as a key player in the financial industry.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 40.54% per annum.
- WFC price at the close of February 20, 2026 was $88.70 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 25.84% per annum.
- WFC price at the close of February 20, 2026 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of WFC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 9, 2023
End date: February 20, 2026
a = 2.8638
b = 0.0009
s = 0.0717
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0717) – 1
= 33.22%
March 9, 2023 calculations
Top border of price channel:
Exp(Y515)
= Exp(a + b × X515 + 2 × s)
= Exp(a + b × 745 + 2 × s)
= Exp(2.8638 + 0.0009 × 745 + 2 × 0.0717)
= Exp(3.7018)
= $40.52
Bottom border of price channel:
Exp(Y515)
= Exp(a + b × X515 – 2 × s)
= Exp(a + b × 745 – 2 × s)
= Exp(2.8638 + 0.0009 × 745 – 2 × 0.0717)
= Exp(3.4149)
= $30.42
February 20, 2026 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.8638 + 0.0009 × 1,824 + 2 × 0.0717)
= Exp(4.7078)
= $110.81
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.8638 + 0.0009 × 1,824 – 2 × 0.0717)
= Exp(4.4209)
= $83.17
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 40.54% per annum.
- WFC price at the close of February 20, 2026 was $88.70 and was inside the primary price channel.
Secondary Trend
Start date: November 6, 2024
End date: February 20, 2026
a = 3.3541
b = 0.0006
s = 0.0577
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 25.84%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0577) – 1
= 25.94%
November 6, 2024 calculations
Top border of price channel:
Exp(Y934)
= Exp(a + b × X934 + 2 × s)
= Exp(a + b × 1,353 + 2 × s)
= Exp(3.3541 + 0.0006 × 1,353 + 2 × 0.0577)
= Exp(4.3213)
= $75.29
Bottom border of price channel:
Exp(Y934)
= Exp(a + b × X934 – 2 × s)
= Exp(a + b × 1,353 – 2 × s)
= Exp(3.3541 + 0.0006 × 1,353 – 2 × 0.0577)
= Exp(4.0907)
= $59.78
February 20, 2026 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.3541 + 0.0006 × 1,824 + 2 × 0.0577)
= Exp(4.6179)
= $101.28
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.3541 + 0.0006 × 1,824 – 2 × 0.0577)
= Exp(4.3872)
= $80.42
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 25.84% per annum.
- WFC price at the close of February 20, 2026 was inside the secondary price channel.