10 Stocks Wall Street Is Calling Bullish Amid Market Turmoil

2. Wells Fargo & Company (NYSE:WFC) 

Wells Fargo & Company is a financial services company. The company operates in Commercial Banking, Wealth and Investment Management, Consumer Banking and Lending, and Corporate and Investment Banking segments. The stock is down 11% in a month and investors are pounding on the opportunity, especially considering the 2.25% dividend yield.

WFC was also upgraded to Outperform from Sector Perform, mainly because of the recent dip in stock price. But that’s not all. The company’s $1.95 trillion asset cap, which was placed in 2018 by the Federal Reserve, is expected to be lifted soon as it has succeeded in satisfying the regulatory authorities. This could unlock greater profitability down the road:

“Once the asset cap is lifted, we believe WFC should be able to execute on its future growth plans to achieve its 15% ROATCE target, which should result in a higher valuation over time”