Wells Fargo Shares Edge Higher on Quarterly Beat

Andrew Cummings
April 13, 2019

HAS has been the subject of several other research reports. Finally, ValuEngine downgraded shares of Wells Fargo & Co from a "hold" rating to a "sell" rating in a research report on Thursday, January 10th.

As Reuters reports, the lowered net interest income outlook "comes at a time of uncertainty for the fourth-largest us lender following the abrupt departure of former Chief Executive Tim Sloan last month".

The price target of Wells Fargo & Company (NYSE:WFC) is now set at 56.6 by the analysts. Earnings per share serve as an indicator of a company's success / profitability.

PNC Financial (PNC +3.1%) Chairman, President, and CEO William Demchak says he's not interested in the CEO post at Wells Fargo (WFC -2.6%), American Banker reports. The company is now rated by analyst who are keeping a close eye on the stock as 1.5. Wall Street analysts have a consensus recommendation of 2.50on this stock.

At $1.20 per share, that compared with analysts' expectations of $1.09, according to I/B/E/S data from Refinitiv.

The company has a beta of 1.09. Currently, the stock's volatility reading is standing at 1.8467708. Wells Fargo & Co has a 12-month low of $43.02 and a 12-month high of $59.53. There are 21.72M shares which are traded as an average over the last three months period. When E (EPS) increase, P (Market Price) will also raise, but it is point worth mentioning that, EPS of company is reported once every quarter. Hasbro had a return on equity of 28.01% and a net margin of 4.81%. With markets still riding high, investors will be closely watching the numbers as companies start reporting quarterly earnings results. In the second quarter past year, the firm recorded $1.16 earnings per share. But the bank's assets, loans and deposits all fell compared to a year earlier. The better-than-expected quarter sent shares 2.1% higher after the opening bell. BidaskClub lowered shares of Hasbro from a "hold" rating to a "sell" rating in a research report on Tuesday, December 11th. The EPS of Wells Fargo & Company, WFC is strolling at 4.32, measuring its EPS growth this year at 19.2%. The stock generated performance of -0.02% tracking last 3 months. Mercer Capital Advisers Inc. grew its holdings in shares of Wells Fargo & Co by 81.3% in the fourth quarter. Toronto Dominion Bank now owns 94,636 shares of the company's stock valued at $9,947,000 after acquiring an additional 6,970 shares in the last quarter. Following these latest developments, around 52.52% of NIO Inc. stocks are owned by institutional investors and hedge funds.

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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