Equity Research

In the above analysis, I delve into the fundamentals of Wells Fargo & Company (NYSE: WFC), one of the big four banks in the United States.

I assess the financial statements of WFC, and project these statements out over the next five years. I use these forecasts to estimate various free cash flows (FCFE, FCFF) and investigate the dividends of WFC.

With the above information, I perform a valuation of WFC using discounted cash flow techniques.