I'm trying to get better at analyzing stocks by watching your methods closely. Can you offer any thoughts regarding Wells Fargo (WFC)?
Here is what I've noted as positive so far: 1) Forward and trailing P/E ratios are good at 12.5 and 13.58 respectively. 2) Market cap is huge at 273.66 B. 3) They have a ton of cash in the amount of $380.51 B. 4) Earnings projections look good. 5) Their stock price is not far from the 50-week moving average.
Here is what I've noted as negative: 1) They have 345.86 B in debt, which is larger than their market cap (I'm not totally sure that this is negative, because they have more cash than debt). 2) Their RSI is in the oversold region. 3) They have to pay a 142 million dollar settlement, although this doesn't seem like much in light of the fact that they are earning billions.
Do I have all of the essential details? If so, it seems there is more positive here than negative. But this is where I get out of the way and listen to you explain what this novice has missed. Ha ha.