Woori Bank (WF) saw a big move last session, as the company’s shares fell by around 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for WF as the stock is now up around 2% since Dec 12.
This slump shouldn’t be too much of a surprise to investors, as this banking and financial services provider has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
WF currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the Finance-Investment Management is Monroe Capital Corporation (MRCC), which currently carries a Zacks Rank #1 (Strong Buy).
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