Wells Fargo & Co (WFC) Issues Earnings Results

Wells Fargo & Co (WFC) Issues Earnings Results

Synchrony Financial (NYSE:SYF) has declined 10.35% since January 11, 2017 and is downtrending. It has underperformed by 11.76% the S&P500.

Wells Fargo reported fourth-quarter earnings on January 12 of $6.2 billion, including a $3.4 billion benefit from changes to the USA tax regime. Milestone Group Inc sold 11,415 shares as the company's stock declined 8.66% while stock markets rallied. Novare Capital Management Llc who had been investing in Wells Fargo & Company for a number of months, seems to be less bullish one the $309.19B market cap company. The stock increased 1.61% or $12.42 during the last trading session, reaching $785.73. Hence the difference between Predicted EPS and Actual EPS reported is $-0.19/share which shows an Earnings Surprise of -18.4 Percent. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 12, 2017 and is uptrending. It has underperformed by 43.62% the S&P500. Therefore 48% are positive.

For the fourth quarter, Wells Fargo reported revenue of $22.1 billion, falling short of analysts' estimates of $22.38 billion. Beck Mack Oliver Llc has invested 0.18% in Wells Fargo & Company (NYSE:WFC). Comerica Bancorp has 0.68% invested in Wells Fargo & Company (NYSE:WFC). As per Thursday, December 7, the company rating was upgraded by Vertical Group. The rating was maintained by RBC Capital Markets with "Hold" on Friday, May 26. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Thursday, December 21 report. Ig Investment Mngmt has 0.47% invested in Wells Fargo & Company (NYSE:WFC).

Barclays has an Overweight rating and a $75 price target. Pacific Glob Management Commerce invested 0.24% of its portfolio in Wells Fargo & Company (NYSE:WFC). In the same period of past year, the financial giant said it had EPS of $0.96 and $21.58 billion in revenue. The stock has a market capitalization of $310,510.00, a P/E ratio of 16.28, a PEG ratio of 1.72 and a beta of 0.96.

Short interest is another tool that analysts use to gauge investor sentiment. Its down 0.04, from 0.96 in 2017Q2.

Want to see what other hedge funds are holding WFC?

Man Arrested in Deadly 'Swatting' Prank Charged With Involuntary Manslaughter
The false call made by Barriss is believed to have been the result of an online dispute between two Call of Duty players. He was booked in Sedgwick County Jail on Thursday afternoon, according to The Wichita Eagle , and his bond is $500,000.

Flu activity still high across St. Louis, but may have peaked
Sinead McLean, a nurse at the Queen Elizabeth University Hospital in Glasgow, said she had the flu jab because she has asthma. Health officials recommend the flu vaccine as the most effective way to prevent the illness and reduce complications.

John Williams Will Score Star Wars: Episode IX
On the references to other scores in The Last Jedi: "When we see Rey, we want to hear Rey's theme", Williams says. Of course Kylo Ren isn't confused by the presence of his grandfather's lightsaber.

Institutions own 76.40% of Wells Fargo & Company (WFC)'s shares.

The lender said although it had incurred costs of $370m on adjustments to leveraged leases, low income housing and tax-advantaged renewable energy investments, as well as a $173m expense from repatriation, it had still made 67 cents per share after Trump cut corporation tax from 35 per cent to 21 per cent. Wells Fargo has "Hold" rating and $115.0 target. Ironwood Inv Counsel Llc accumulated 11,515 shares. 199,655 are held by Norinchukin Bank & Trust The. Howland Mgmt Ltd Company reported 0.25% of its portfolio in Intuit Inc. Jefferies maintained the shares of WFC in report on Friday, July 7 with "Hold" rating. (NYSE:PANW). Old Mutual Customised Solutions (Proprietary) Limited invested in 0.01% or 700 shares. Oxbow Advisors Ltd Limited Liability Company owns 42,609 shares. Meiji Yasuda Asset Mgmt Communication, a Japan-based fund reported 2,815 shares. It also increased its holding in Alphabet Inc by 331 shares in the quarter, for a total of 3,544 shares, and has risen its stake in Ishares Tr (EFV).

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. Grassi stated it has 124,742 shares.

Analysts hadn't exactly been expecting blowout earnings from the banks this month, as many financial institutions absorb short-term, but heavy, hits to their profits due to the tax reform.

Among 23 analysts covering Intuit (NASDAQ:INTU), 9 have Buy rating, 2 Sell and 12 Hold. Therefore 50% are positive. Mattersight had 3 analyst reports since November 5, 2015 according to SRatingsIntel. The stock of Intuit Inc. The rating was maintained by Credit Suisse on Tuesday, February 9 with "Outperform". (NASDAQ:INTU) earned "Buy" rating by Jefferies on Thursday, September 28. The firm has "Outperform" rating given on Wednesday, January 3 by Bernstein. The stock has "Hold" rating by BMO Capital Markets on Friday, October 6. Northland Capital initiated it with "Market Perform" rating and $25 target in Wednesday, September 30 report.

Investors sentiment increased to 1.13 in 2017 Q3. Its up 0.02, from 0.93 in 2017Q2. It increased, as 59 investors sold AZO shares while 150 reduced holdings. Arlington Value reported 224,504 shares. 24,053 are held by Blair William Il. Allen Invest Management Lc invested in 8,770 shares or 0.02% of the stock. CommScope Holding Company, Inc. (NASDAQ:BIIB) for 10,646 shares. Sumitomo Mitsui Inc stated it has 0.02% in Mattel, Inc. Sky Grp Llc holds 5,360 shares. Cim Ltd reported 3.56% of its portfolio in Biogen Inc. Linscomb And Williams Incorporated accumulated 0.38% or 79,969 shares. Moreover, Boston Common Asset Mngmt Ltd Liability Corp has 1.12% invested in Biogen Inc. Norinchukin National Bank The holds 1,868 shares. Merriman Wealth Limited Company holds 0.05% or 4,065 shares. Nelson Roberts Ltd Liability, California-based fund reported 1,708 shares. Greylin Invest Mangement Inc has 0.33% invested in Biogen Inc.

Related Articles

  • Liverpool's Mo Salah Fit To Face Manchester City

    Liverpool's Mo Salah Fit To Face Manchester City

    This week, Sky Sports data journalist Adam Smith reveals the numbers behind City's dismal record at Anfield and how Liverpool could win on Sunday.
    DETECTIVE PIKACHU is Finally Coming to America, with a Giant Amiibo!

    DETECTIVE PIKACHU is Finally Coming to America, with a Giant Amiibo!

    The New Nintendo 2DS XL system has an eye-catching yellow design and features a stylised close-up of the electric mouse's face. On his way, Tim meets the witty and sly Pikachu , who claims to have worked for Harry and is also looking for him.
    History Taught Us Not to Blindly Trust US: Pakistan FM

    History Taught Us Not to Blindly Trust US: Pakistan FM

    Afghanistan also accuses Pakistan of sheltering Taliban militants, leading to a long running spat between the two countries. Islamabad also dismissed U.S. accusations that it harbors terrorist and is doing too little to fight extremists.
  • Kentucky Becomes First State To Require Work For Medicaid Recipients

    Kentucky Becomes First State To Require Work For Medicaid Recipients

    The new rule, to be rolled out in July, would mandate able-bodied Kentuckians on Medicaid to work or volunteer 20 hours per week. Local lawmakers already made the work requirement a part of state law in anticipation of this change at the federal level.
    Steve Bannon to Step Down From Breitbart News

    Steve Bannon to Step Down From Breitbart News

    Bannon was reportedly forced out by GOP mega-donor Rebekah Mercer, a Trump supporter who owns a large stake in Breitbart . Mr Bannon could attempt to start a new venture without Mr Ailes or perhaps go back to making documentaries.
    Padmaavat: Know the changes suggested by CBFC

    Padmaavat: Know the changes suggested by CBFC

    The CBFC had suggested five changes in the film including the changing of title and putting additional disclaimers. Protestor outside the CBFC office said, " We don't trust anyone before we have seen the film ourselves.
  • Trump's lawyer arranged $130K payment to adult film star as hush money

    Trump's lawyer arranged $130K payment to adult film star as hush money

    Of the sexual encounter, Cohen said in a statement, " President Trump once again vehemently denies any such occurrence as has Ms. She privately spoke about a consensual encounter she had with Trump in 2006 at a celebrity golf tournament in Lake Tahoe.
    Muskegon events to celebrate Martin Luther King Jr.'s life, legacy

    Muskegon events to celebrate Martin Luther King Jr.'s life, legacy

    King served as the pastor. "This event is truly significant as we honor and remember the life and legacy of Dr. King urged each and every one of us to recognize the dignity and worth of every human being", Lewis wrote .
    IV bag shortage has hospitals scrambling during flu season

    IV bag shortage has hospitals scrambling during flu season

    Now, Xcel Energy crews are being called in to help restore the destroyed power grid. Patel said a team at Duke met to discuss the shortage.and to devise a solution.
  • Euro surges above $1.21 to 3-year high on ECB…

    Euro surges above $1.21 to 3-year high on ECB…

    In the other precious metals, the spot silver price rose $0.12 to $17.095-17.115 per oz. Internationally, rising inflation has been the missing link in the economic recovery.
    'For now, I'm in' - Djokovic positive over Australian Open

    'For now, I'm in' - Djokovic positive over Australian Open

    He was far from his best against world No. 31 Gasquet, but it was a big step forward as he targets a second Australian Open title. Federer, on the other hand, has Novak Djokovic , Juan Martin Del Potro , Goffiin and Zverev to contend with in his half.
    TCS net falls 3.6% on fragile BFSI

    TCS net falls 3.6% on fragile BFSI

    On a Y-o-Y basis, Continental Europe (+22.3%), United Kingdom (+8.2%) and India (+4.1%) performed very well. Other two important wins for the quarter are the tie-ups with a large European and an Australian Bank.