Wells Fargo & Company (WFC) Posts Earnings Results, Misses Estimates By $0.19 EPS

Wells Fargo & Company

$1.34 million worth of Wells Fargo & Co (NYSE:WFC) shares were sold by Pelos Petros G. Another trade for 20,000 shares valued at $1.04M was sold by Hardison Hope A. Empire Company Limited had 41 analyst reports since September 10, 2015 according to SRatingsIntel.

Wells Fargo & Company (WFC) reported sales (ttm) of 56.49 Billion, whereas, 22 number of analysts estimated the mean sale of 22535.6 million. Return on assets is 1.10% and Return on equity (ROE) is 11.60% while it's Return on Investment (ROI) of 7.90%. The business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $22.23 billion. This is down 2% from the $12.29 billion in Community Banking revenue from the same period in the year prior.

Wells Fargo & Company (NYSE WFC) opened at 55.66 on Thursday.

Beta is also an important valuation ratio for analyzing the stock of the company, WFC's beta remains at 0.95. The 50 day moving average was up $2.77 or +5.23% and the 200 day average moved up $2.09. Moreover, Monarch Capital Mngmt has 1.28% invested in Wells Fargo & Co (NYSE:WFC).

Adding to difficulties in the consumer bank, commercial loans have also flagged, slumping nearly $6 billion from the second quarter to end the period at about $500 billion. About 4.22M shares traded. The investor checklist may include studying the scope of a company's competitive industry advantage, examining company management, and trying to get a general feel if the stock is valued properly. Instinet restated a "buy" rating and issued a $64.00 price objective on shares of Wells Fargo & in a research report on Wednesday, July 12th. The hedge fund held 453,685 shares of the major banks company at the end of 2017Q2, valued at $25.14M, up from 437,550 at the end of the previous reported quarter.

Its shares fell 3.6% to US$53.30 in early trading.




Wells Fargo has disclosed a number of probes into its mortgage practices involving government agencies, including the Department of Justice and the Consumer Finance Protection Bureau.

Among 32 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 14 Hold. The consensus target price is $55.14 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell. Wealth and investment management, the smallest of the bank's three divisions, generated $710 million in profit, a 4.9 percent increase. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 891 shares in the last quarter. It also reduced its holding in Travelers Companies Inc (NYSE:TRV) by 201,400 shares in the quarter, leaving it with 52,000 shares, and cut its stake in Alibaba Group Hldg Ltd (NYSE:BABA). Dimensional Fund Advisors LP increased its position in shares of Wells Fargo & by 26.7% during the 2nd quarter. The Eagle Ridge Investment Management holds 15,341 shares with $267,000 value, down from 59,446 last quarter.

Here are a few institutional investors who have updated their positions.

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Looking at the stock's movement on the chart, Wells Fargo & Company have shares float of 0.64%. Wells Fargo was already dethroned as the world's most valuable bank after the scandal hit, but now it is slipping further behind. The Company is a diversified financial services company.

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