Keefe, Bruyette & Woods Reaffirms "Outperform" Rating for Wells Fargo & Company (NYSE:WFC)

Wells Fargo logo

Wells Fargo & Company - WFC - Stock Price Today - Zacks

122 funds opened positions while 614 raised stakes. "So companies that miss expectations or guide down will be overly punished", said Michael Scanlon, portfolio manager at Manulife Asset Management. $1.34M worth of Wells Fargo & Co (NYSE:WFC) was sold by Pelos Petros G on Monday, June 12. Fukoku Mutual Life Insur Co stated it has 0.3% in Procter & Gamble Co (NYSE:PG).

Wells Fargo & Company (NYSE:WFC) traded down 1.10% during mid-day trading on Friday, hitting $54.99. First Dallas Secs has invested 0.48% in Wells Fargo & Co (NYSE:WFC). Equiniti Group is the leading provider of share registration and associated investor services in the United Kingdom. Invesco Ltd has 0% invested in Summit Hotel Properties Inc (NYSE:INN). Patten And Patten Inc Tn accumulated 193,648 shares. Boys Arnold And Incorporated reported 34,693 shares. Private Wealth Prtn Lc holds 0.23% or 17,706 shares in its portfolio. Loring Wolcott And Coolidge Fiduciary Ltd Liability Partnership Ma invested 0% of its portfolio in Incyte Corporation (NASDAQ:INCY). FBR Capital downgraded Wells Fargo & Co (NYSE:WFC) on Wednesday, October 19 to "Mkt Perform" rating. $1.27 million worth of stock was sold by Stolle Russell R on Wednesday, January 25. That was up from $1.01 in the year-ago quarter, and also came in above the $1.01 per-share consensus estimate among analysts. The company has a market capitalization of $274.80 billion, a price-to-earnings ratio of 13.75 and a beta of 0.96.

Shares in Wells Fargo, JP Morgan Chase and Citigroup are all down in morning U.S. trading, despite the banks beating analyst expectations with their second quarter earnings.

Per-share profits were $1.07, well ahead of Wall Street's projections of $1.01. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 2.19% and standing 3.51% away from 50-Day Simple Moving Average while traded up 4.18% from 200-Day Simple Moving Average. Old Second Comml Bank Of Aurora invested in 0.09% or 3,455 shares.

Wells Fargo's Tier 1 common equity under Basel III (fully phased-in) increased to $151.9 billion from $145.6 billion in the prior-year quarter.

Wells Fargo & Company (NYSE:WFC)'s stock on Thursday traded at beginning with a price of $55.26 and when day-trade ended the stock finally popped up 0.78% to reach at $55.60. The company has market cap of $1.84 billion.

Cross-selling, which has been the company's major strength in recent years, drew regulators' attention as they discovered that thousands of bank employees were unlawfully enrolling consumers for products and services without their knowledge or consent, in order to receive incentives for meeting the sales targets.

Taurus Asset Management Llc increased Church & Dwight Inc (NYSE:CHD) stake by 11,060 shares to 330,542 valued at $14.61 million in 2016Q4. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share. Therefore 42% are positive. The firm has "Buy" rating given on Thursday, January 7 by Citigroup. On November 15 the company was rated "Neutral" by Guggenheim which is down from the previous " rating. Instinet cut their target price on shares of Wells Fargo & Company from $65.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, April 19th. The stock has declined 1.2 percent this year. The rating was upgraded by Citigroup to "Buy" on Monday, April 3. The firm has "Outperform" rating given on Tuesday, September 27 by FBR Capital. Traders bought 24,838 call options on the stock.

CEO Tim Sloan is still struggling to move the company past the turmoil that happened in September where branch staff was accused of opening millions of fake deposit and credit card accounts to reach sales goals. The Firm is a specialized production and distribution firm for environmentally friendly plastic serviceware with clients from the United States and European countries.

Latest News