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Main » Wells Fargo earnings: $1.16 a share, vs $1.07 EPS estimate

Wells Fargo earnings: $1.16 a share, vs $1.07 EPS estimate

20 Janvier 2018

Its up 0.09, from 1.05 in 2017Q2.

Shares fell 1.1% to $62.32 in premarket trading. 104 funds opened positions while 395 raised stakes.

Wells Fargo & Company (WFC) stock price distance from twenty day simple moving average surged at 2.45% while its distance from fifty day simple moving average raised 8.06% along with 13.96% above distance from two hundred simple moving averages. Robert W. Baird maintained Wells Fargo & Company (NYSE:WFC) on Tuesday, September 5 with "Buy" rating. Wells Fargo estimates its tax benefit at $3.89 billion due to a reduction in deferred income tax liabilities. 359.18 million shares or 14.87% more from 312.67 million shares in 2017Q2 were reported. 54,609 were reported by Sawgrass Asset Mngmt Ltd Com. Bouchey Financial Grp Limited has 0.13% invested in Wells Fargo & Company (NYSE:WFC) for 7,275 shares. Brinker Cap stated it has 226,778 shares or 0.36% of all its holdings.

While taking a look at financials, we can look at a number of key indicators about Wells Fargo & Company (WFC) . After a recent check, it is observed that the insiders for the firm now own 0.08% shares. As per Thursday, October 12, the company rating was maintained by Credit Suisse.

Bw Gestao De Investimentos Ltda, which manages about $495.52 million US Long portfolio, upped its stake in Steel Dynamics Inc (NASDAQ:STLD) by 336,650 shares to 1.09 million shares, valued at $37.47M in 2017Q3, according to the filing.

The planned closings, announced on Friday, will leave Wells Fargo with about 5,000 branches. Therefore 38% are positive.

The average 1-year price target for Wells Fargo & Company (WFC) - averaging the work of different analysts - reveals a mean PT of $64.84/share. As per Thursday, December 7, the company rating was upgraded by Vertical Group.

When we look at the Analyst Recommendations of the stock, the company has 1.59 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Wells Fargo & Co New now has $310.82 billion valuation. Wells Fargo & Co now has a consensus rating of "Hold" and an average target price of $61.02. The rating was upgraded by Sandler O'Neill on Tuesday, January 9 to "Buy". Moreover, Van Den Berg Management I has 3.77% invested in Wells Fargo & Company (NYSE:WFC). (NYSE:FLOW) has "Buy" rating given on Wednesday, October 28 by UBS.

For the ongoing Fiscal Quarter, 23 analysts have an average earnings forecast of $1.08 per share.

In related news, VP Richard Levy sold 97,000 shares of the stock in a transaction on Thursday, November 30th. One reason for this was the bank's net interest margin, which actually contracted by three basis points to 2.84% and looks particularly troubling since interest margins are expanding for most other banks as the Fed raises rates. The FactSet consensus was for EPS of $1.23 and revenue of $22.45 billion.

Investors sentiment is 1.03 in Q3 2017. Natixis invested in 0.54% or 1.05M shares. It turned negative, as 92 investors sold WFC shares while 725 reduced holdings. Carroll reported 485 shares stake. Montag A & Assocs Inc has 0.33% invested in Intel Corporation (NASDAQ:INTC) for 80,838 shares. It may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system. Jefferies Gru Lc holds 0.04% of its portfolio in Mattel, Inc. Price T Rowe Associates Incorporated Md holds 0.67% or 71.04 million shares in its portfolio. Cannell Peter B And owns 324,852 shares. Still, JPMorgan remained on track for modestly faster growth and Wells Fargo's retrenchment continued to grind. Thomaspartners has invested 2.38% in Wells Fargo & Company (NYSE:WFC).

Since July 31, 2017, it had 0 insider buys, and 10 sales for $31.43 million activity. Primecap Mgmt Ca, California-based fund reported 5.16 million shares. Money Llc reported 59,278 shares. Stratos Wealth Prns Ltd invested in 0.26% or 101,289 shares. Advsr Ltd Limited Liability Company stated it has 391 shares. Principal Gp has 0.27% invested in The Walt Disney Company (NYSE:DIS). Aimz Investment Advisors Lc has 16,494 shares for 0.77% of their portfolio.

Wells Fargo earnings: $1.16 a share, vs $1.07 EPS estimate