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Comments (6)

  • Analyst 1 in S&T - Equities
Sep 8, 2021 - 11:05am

Since markets are forward-looking, there is more growth being assigned to WFC...not sure how else to answer that.

Sep 8, 2021 - 1:49pm

In theory that definitely makes sense - if I were asked in an interview why ABC trades at a higher multiple, pricing in growth would be the clear answer. In practice through, Citi has a annualized growth rate of revenue of around 1% compared to Wells -6% (over a three year time period) in addition to no net margin growth for Wells and slight increases in net margin for Citi. Clearly, markets are forward looking, but I doubt that Wells' growth will massively outpace Citi's. 

  • Analyst 1 in S&T - Equities
Sep 8, 2021 - 2:01pm

Wells is operating under an asset cap and finally moving out of the crosshairs of regulators. So there are some tailwinds there.

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Sep 8, 2021 - 3:06pm

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