Wells Fargo & Company (WFC) belonging to the Finance sector has declined -1.1% and closed its last trading session at $58.67.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The company has a market capitalization of $293.55 billion, a price-to-earnings ratio of 14.70 and a beta of 0.98. Stock has got OUTPERFORM rating from 8 analysts of Thomson Reuters, 14 analysts given HOLD rating to the stock and 2 given UNDERPERFORM rating. Analyst's mean target price for NFX is $52.00 while analysts mean recommendation is 2.00.
Wells Fargo suffered a nose-dive in openings of new checking accounts during February, an indication that a scandal over bogus accounts lingers over the company, the embattled bank reported Monday.
Given the fact that each update since October 2016 has shown vertiginous double-digit declines, we can expect these updates to continue along this bleak course until October, at which time we at Dealbreaker will nearly certainly have run out of anything new or interesting to say about the whole mess. Analysts expect that Wells Fargo & Co will post $4.20 earnings per share for the current year.
Maximum and minimum EPS estimate for the current quarter is projected at $1.03 and $0.91, respectively, according to 29 analysts. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Wells Fargo & Co by 0.5% in the third quarter.
Analysts are also projecting an Average Revenue Estimate for Wells Fargo & Company as $22.31 Billion in the Current Quarter.
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For the Current Quarter, the growth estimate for Wells Fargo & Company is -3%, while for the Next Quarter the stock growth estimate is 3%.
"Today's update on retail banking trends is part of our ongoing commitment to transparency", said Wells Fargo President and CEO Tim Sloan in the report. While for the next 5 years, the growth estimate is 7.46%. Zacks Investment Research downgraded Wells Fargo & Co from a "buy" rating to a "hold" rating in a report on Saturday, December 31st.
12 Insider Sales transactions were made totaling 485196 shares traded.
Wells Fargo & Company (WFC) is an interesting player in the Financial space, with a focus on Money Center Banks. Vetr raised Wells Fargo & Co from a "strong sell" rating to a "sell" rating and set a $46.56 target price on the stock in a research report on Monday, November 28th. The company rocked its 52-Week High of $59.99 on Mar 1, 2017 and touched its 52-Week Low of $43.55 on Oct 4, 2016. The 1.10% returns on assets present notable condition of firm. The company now has a Return on Equity (ROE) of 11.60% and a Return on Investment (ROI) of 7.90%.
Wells Fargo & Company shares decreased -0.31 percent over the past week and rose 0.2 percent over the previous month.
In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. The stock has been active on the tape, now trading at $58.67, down from yesterday's close by -1.10%.
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