Wells Fargo & Co (WFC) Posts Quarterly Earnings Results

Wells Fargo & Company Institutional Investor Sentiment Analysis

Company insiders own 0.22% of the company's stock. Excluding the $2.4 billion charge, the bank would have earned $6.7 billion, or $1.76 a share, which beat analysts' forecasts of $1.69 a share. About 301,816 shares traded. AMERCO (NASDAQ:UHAL) has risen 4.93% since January 11, 2017 and is uptrending. It has underperformed by 33.01% the S&P500.

Wells Fargo & Co (NYSE:WFC) released its quarterly earnings data on Friday. Salient Trust Company Lta sold 9,955 shares as the company's stock declined 8.66% while stock markets rallied.

The third-largest bank by assets said it earned $1.16 a share on revenue of $22.05 billion. One Capital Management Llc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $310.28B market cap company. The stock decreased 0.54% or $0.34 during the last trading session, reaching $62.78. About 10.99 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 12, 2017 and is uptrending. It has underperformed by 7.03% the S&P500. Citigroup reiterated a "buy" rating and issued a $65.00 price objective (up previously from $60.00) on shares of Wells Fargo & Co in a research report on Monday, October 9th. Therefore 39% are positive. Mattel Inc. had 56 analyst reports since July 28, 2015 according to SRatingsIntel.

Wells Fargo & Company (NYSE:WFC) has been trading in a bullish manner, based on the relative positions of the stock's 20 and 200 day moving averages. The company was maintained on Wednesday, July 22 by S&P Research. The stock has "Buy" rating by Goldman Sachs on Tuesday, May 30.

Just to give you an idea of what you could expect, analysis by Goldman Sachs concluded that the seven largest USA banks (excluding Goldman) could see earnings increase by an average of 14%, and Wells Fargo would get the biggest boost. Jefferies Group LLC cut Wells Fargo & Company from a "buy" rating to a "hold" rating in a report on Monday, November 28th. If you are reading this piece of content on another website, it was stolen and reposted in violation of USA & worldwide trademark & copyright legislation. Finally, BMO Capital Markets restated a "hold" rating and issued a $59.00 target price on shares of Wells Fargo & Co in a report on Thursday, January 4th.

Investors sentiment decreased to 0.92 in 2017 Q3. Its up 0.19, from 0.75 in 2017Q2. It turned negative, as 92 investors sold WFC shares while 725 reduced holdings. Stifel Nicolaus downgraded the shares of CMG in report on Tuesday, July 26 to "Sell" rating. Canada Pension Plan Board invested in 0.81% or 7.17M shares. Wells Fargo & Co has a 52-week low of $49.27 and a 52-week high of $63.67. Df Dent & Com Inc reported 0.01% of its portfolio in Wells Fargo & Company (NYSE:WFC). 8,065 are owned by Wallace Mngmt Inc. It improved, as 43 investors sold PANW shares while 148 reduced holdings. Raffles Associate LP owns 269,246 shares. Abrams Ltd Partnership reported 3.34M shares or 7.19% of all its holdings.

Earnings season is upon us, and the big USA banks are among the first companies set to report.

The company said its bottom line totaled $6.15 billion, or $1.16 per share.

For the year ended 2017, earnings per share were $4.10, up 11 cents compared with the prior year. Legal General Public Ltd has invested 0.96% of its portfolio in Wells Fargo & Company (NYSE:WFC).

Investors sentiment increased to 1.16 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. 74 funds opened positions while 145 raised stakes. Morgan Stanley owns 16,244 shares or 0% of their U.S. portfolio. (NASDAQ:BIIB) for 10,646 shares. 55,300 were reported by Tudor Et Al. The scandals ranged from mortgage-related regulatory investigations, sales practices, and other consumer related matters, says Wells Fargo. (NASDAQ:PEP). Moreover, Caxton LP has 0.26% invested in Pepsico, Inc. Howland Mgmt Ltd Company reported 0.25% of its portfolio in Intuit Inc. Tobam stated it has 450,442 shares. Tealwood Asset Mngmt has 4,209 shares. Farmers Merchants owns 0% invested in Chipotle Mexican Grill, Inc. 6,987 are held by Royal State Bank Of Canada. (NASDAQ:BIIB). Advantus Cap Inc holds 21,580 shares or 0.18% of its portfolio. 180,488 were accumulated by Blackrock. Therefore 79% are positive. Autozone Inc. had 67 analyst reports since August 24, 2015 according to SRatingsIntel.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $9.35B. Northland Capital has "Market Perform" rating and $22 target. The rating was reinitiated by UBS on Wednesday, January 11 with "Neutral". The rating was initiated by William Blair with "Buy" on Tuesday, September 19. A rate that low would likely force many companies to sharply raise pay to keep and attract the workers they need. The company was upgraded on Thursday, December 17 by JP Morgan.

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