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Share Name | Share Symbol | Market | Type |
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Wells Fargo and Company | NYSE:WFC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.38 | 0.66% | 57.80 | 97,857 | 11:56:53 |
The WFII 2024 Midyear Outlook highlights economic and market forecasts, favored sectors, top portfolio ideas for the next 18 months
Wells Fargo Investment Institute (WFII) today released its “2024 Midyear Outlook: Approaching the Economy’s Pivot Point,” which explores WFII’s belief that the pivot to positive momentum at the start of 2024 was driven by the combined forces of artificial intelligence, anticipated Federal Reserve (Fed) rate cuts, declining inflation, and the resumption of durable earnings growth. WFII strategists remain confident that five key points will likely continue to chart the market’s path forward over the next 18 months.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611208807/en/
Wells Fargo Investment Institute 2024 Midyear Outlook (Graphic: Wells Fargo)
“As we recalibrate our outlook for the back half of 2024, our guidance remains focused on high-quality investments in both equities and fixed income,” said Darrell Cronk, chief investment officer for Wells Fargo Wealth & Investment Management. “Quality investments have performed well — and we expect that will continue — as geopolitical risks, market volatility, and November elections will have much to say about the path for markets in the second half of the year.”
Highlights of WFII’s forecast include:
The full report provides guidance for investors to help navigate the next 18 months, economic and market forecasts, where WFII sees opportunity, and five portfolio ideas. Also included are insights about equities, fixed income, real assets, and alternative investments. Please see the full report for detailed information.
Join the WFII 2024 Midyear Outlook call today, June 12 at 4:15 p.m. Eastern Time. Dial-in: 877-601-6604; Passcode: 71-306-44.
A summary of the WFII 2024 Midyear Outlook is available (PDF).
Investment and Insurance Products are:
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Not Insured by the FDIC or Any Federal Government Agency
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Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate●
Subject to Investment Risks, Including Possible Loss of the Principal Amount InvestedRisk Disclosure
Forecasts and targets are based on certain assumptions and on our current views of market and economic conditions, which are subject to change.
All investing involves risks, including the possible loss of principal. There can be no assurance that any investment strategy will be successful and meet its investment objectives. Investments fluctuate with changes in market and economic conditions and in different environments due to numerous factors, some of which may be unpredictable. Asset allocation and diversification do not guarantee investment returns or eliminate risk of loss.
Stock markets, especially foreign markets, are volatile. A stock’s value may fluctuate in response to general economic and market conditions, the prospects of individual companies, and industry sectors. International investing has additional risks including those associated with currency fluctuation, political and economic instability, and different accounting standards. This may result in greater share price volatility. These risks are heightened in emerging and frontier markets. Investments in fixed-income securities, are subject to market, interest rate, credit, liquidity, inflation, prepayment, extension, and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can result in a decline in the bond’s price.
The information contained herein constitutes general information and is not directed to, designed for, or individually tailored to, any particular investor or potential investor. This report is not intended to be a client-specific suitability analysis or recommendation, an offer to participate in any investment, or a recommendation to buy, hold, or sell securities. Do not use this report as the primary basis for investment decisions. Consider all relevant information, including your existing portfolio, investment objectives, risk tolerance, liquidity needs, and investment time horizon.
About Wells Fargo Investment Institute
Wells Fargo Investment Institute, Inc. is a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com LinkedIn: https://www.linkedin.com/company/wellsfargo
PM-11282025-6650017.1.1
News Release Category: WF-ERS
View source version on businesswire.com: https://www.businesswire.com/news/home/20240611208807/en/
Media Sarah Kerr, 917-588-5919 sarah.kerr@wellsfargo.com
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