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14 October 2017, 12:23 | Austin Hogan
Wells Fargo & Company has a 1-year low of $44.28 and a 1-year high of $59.99.
"Over the past year we have made fundamental changes to transform WellsFargo as part of our effort to rebuild trust and build a better bank", said chief executive Tim Sloan.
Since May 5, 2017, it had 1 buy, and 3 insider sales for $3.93 million activity. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 1,461 shares during the last quarter.
Wells Fargo Advisors has staunched the hemorrhaging of financial advisers - for now, at least - that has plagued it since a year ago when its parent, Wells Fargo & Co.
Net income fell to $4.60 billion, or 84 cents per share for the quarter ended September 30, from $5.64 billion, or $1.03 per share, in the same quarter of 2016. (The) reiterated a "buy" rating on shares of Wells Fargo & in a research note on Wednesday. As of the end of the quarter Osborn Rohs Williams & Donohoe Ltd had sold a total of 11,923 shares trimming its position 9.7%. The stock has performed -0.32% over the last seven days, 7.29% over the last thirty, and 0.40% over the last three months. Beck Mack & Oliver Ltd holds 0.19% in Wells Fargo & Co (NYSE:WFC) or 99,164 shares. Institutional investors and hedge funds own 75.12% of the company's stock.
Wells Fargo & Company (WFC) now the company's industry has 13.86 P/E and the sector P/E is 16.24.
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Analysts are expecting Wells Fargo to post per-share earnings of $1.03 for the quarter, according to Thomson Reuters. These ratios are important while doing valuation of the company or the shares of the company. This buyback authorization allows the financial services provider to repurchase up to 4.2% of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.
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The pre-crisis mortgage problems are in addition to Wells Fargo's other scandals, notably the fake account fiasco that left the bank in turmoil for the past year.
WFC has been the subject of a number of recent research reports. Vetr upgraded Wells Fargo & from a "hold" rating to a "buy" rating and set a $55.95 price objective on the stock in a research report on Monday, June 26th.
The bank's community banking division, where the sales scandal arose, remains a trouble spot. Sell-side analysts have also provided a consensus recommendation of 2.60 on company shares.
When it comes to the Analysis of a Stock, Price Target plays a vital role. Laffer Invs invested 0% of its portfolio in Wells Fargo & Co (NYSE:WFC). 229,306 are owned by Jones Financial Companies Lllp.
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