Wells Fargo & Co Stock Dips on Q4 Earnings Miss

Wells Fargo & Co Stock Dips on Q4 Earnings Miss

When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 0.97. The company was upgraded on Monday, January 11 by Goldman Sachs. Insiders sold a total of 184,482 shares of company stock valued at $10,471,050 in the last 90 days. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.13.

In premarket trades following the Wells Fargo Q4 2017 earnings release, the firm's stock ticked lower to $62.50, a decline of 0.81%.

Wells Fargo & Co. said its fourth-quarter profit rose as one of the nation's largest banks continues to seek growth while trying to move past its regulatory problems. It has underperformed by 7.03% the S&P500. Therefore 47% are positive. Analysts have placed a $61.74 price target on Wells Fargo & Company, suggesting a -2.19% decline from recent close. The stock has "Neutral" rating by Guggenheim on Tuesday, November 15. The stock of Wells Fargo & Company (NYSE:WFC) has "Outperform" rating given on Wednesday, April 19 by Evercore. There has been an observed change of -1.10% in the ownership of the shares in the past six months. Of the analysts surveyed by Reuters that track Lincoln National Corporation 5 of them rate its stock a hold. The stock of Wells Fargo & Company (NYSE:WFC) earned "Hold" rating by Argus Research on Wednesday, January 18. Finally, Davis Selected Advisers increased its holdings in Wells Fargo & Co by 1.4% in the third quarter. RBC Capital Markets maintained SPX FLOW, Inc.

Investors may be looking to compare the current stock price of Wells Fargo & Company (WFC) to some of its moving averages. They expect $1.04 EPS, up 0.97% or $0.01 from last year's $1.03 per share.

Wall Street Wells Fargo to offer more detail on costs, which topped 60 cents per dollar of revenue in the aftermath of the sales scandal, a level Sloan has called "unacceptable".

More news: Martin Midstream Partners LP (MMLP) Given Consensus Rating of "Hold" by Analysts

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.52, from 1.24 in 2017Q2. It dived, as 92 investors sold WFC shares while 725 reduced holdings. 30 funds opened positions while 78 raised stakes. Thomaspartners has invested 2.38% in Wells Fargo & Company (NYSE:WFC). Pictet Asset Management holds 0.28% or 682,000 shares in its portfolio. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. Thrivent Financial For Lutherans, a Minnesota-based fund reported 123 shares.

When applying indicators for technical analysis, traders and investors might want to examine the ATR or Average True Range. Ftb Advsr reported 0.16% in Wells Fargo & Company (NYSE:WFC). Wells Fargo & Company's payout ratio is 38.10%. Moreover, Inr Advisory Services Llc has 0% invested in the company for 15 shares. Glenmede Na reported 10,934 shares. 8,065 are owned by Wallace Mngmt Inc. Amer Registered Inv Advisor has 0.87% invested in Wells Fargo & Company (NYSE:WFC). The Nebraska-based Cls Investments Limited Liability Co has invested 0.01% in Wells Fargo & Company (NYSE:WFC). Invest holds 0.54% or 14,277 shares.

Among 31 analysts covering Biogen Idec Inc. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. Therefore 100% are positive. The stock of SPX FLOW, Inc. Wells Fargo, however, wrote down part of its tax liability - taxes payable in the future - which resulted in a gain that boosts reported results. As per Wednesday, April 12, the company rating was maintained by RBC Capital Markets. The company was downgraded on Tuesday, September 6 by Jefferies. RBC Capital Markets maintained the stock with "Buy" rating in Friday, October 6 report. The rating was initiated by RBC Capital Markets on Thursday, October 1 with "Underperform". Natixis invested in 0.54% or 1.05M shares. Breakouts from a 3-weeks-tight pattern is an opportunity for existing investors to add a few more shares to their holdings. 48 funds opened positions while 88 raised stakes. 24,053 are held by Blair William Il. 128,180 are held by Patten Patten Inc Tn. Bnp Paribas Arbitrage Sa holds 0.85% or 3.53 million shares. Kentucky Retirement Sys accumulated 13,116 shares. Holderness Com has invested 0.12% in Weibo Corporation (NASDAQ:WB). American International Gru holds 1,448 shares or 0% of its portfolio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Related Articles

  • Real Madrid v Numancia Betting Preview

    Real Madrid v Numancia Betting Preview

    I went to Manchester as an 18-year-old and they advised me this was the best taxation system I could use, and so it was. "It's already signed.
    US House passes NSA spying bill after Trump tweets…

    US House passes NSA spying bill after Trump tweets…

    The second missive stated, "today's vote is about foreign surveillance of foreign bad guys on foreign land". Backers of the bill say it is a critical foreign intelligence tool that helps catch terrorists.
    'Bored' Russian man crashes armoured vehicle into shop

    'Bored' Russian man crashes armoured vehicle into shop

    Having said that, it's still something to see someone take that vehicle and plow it into a storefront for some wine. A person living nearby was able to record the weird crime (see above), and many people photographed the aftermath.
  • The Last Jedi easter eggs you missed, from the folks at Lucasfilm

    The Last Jedi easter eggs you missed, from the folks at Lucasfilm

    Fans speculated on the movie's title after learning that the seventh Star Wars saga film would be called " The Last Jedi ". Star Wars: The Last Jedi is one of the most talked-about movies of 2017, and not all of the chatter has been positive.

    Trump Denies Using Vulgar Slur; Top Democrat Says He Said It

    Commenting on the White House meeting, Graham said on Friday that diversity had always been the United States' strength. After the January 12, 2010 quake , the US came to Haiti's assistance and was the largest provider of aid.
    Chelsea vs. Leicester City

    Chelsea vs. Leicester City

    Spurs remain three points away from the top four, and need to get a win at Wembley to keep the pressure on the teams above them. Jose Mourinho and Carlo Ancelotti also won 25, with Mourinho drawing and Ancelotti losing their 31st home games in charge.
  • Trump Declines to Deny That He's Racist When Asked at MLK Event

    Trump Declines to Deny That He's Racist When Asked at MLK Event

    Durbin said Trump and his supporters in the room also "scoffed" when he said that ending chain migration would break up families. Congressman Al Green (D-Texas 9th District) promised again Friday that he'll try to get President Donald Trump impeached.
    Wenger criticizes referee Taylor over Hazard penalty

    Wenger criticizes referee Taylor over Hazard penalty

    For context, Chelsea had an opportunity to grab a late victor late as Davide Zappacosta hit the bar in the last few seconds. Like with Liverpool , Chelsea were fantastic on the counter-attack, and it was another messy evening for that backline.

    Vikings Begin Playoff Run

    Their last postseason game, on January 24, 2010, went into overtime with the Saints winning 31-28 in the NFC Championship Game. The favorite has been a good play in this series, cashing in all four of the last four meetings between these two teams.
  • JPMorgan's Results: 5 Things to Watch

    JPMorgan's Results: 5 Things to Watch

    About 5.03M shares traded or 18.58% up from the average. (NYSE: JPM ) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.09.
    HBO President Defends 'Game of Thrones' Delay to 2019

    HBO President Defends 'Game of Thrones' Delay to 2019

    When the season eight finale of " Game of Thrones " finally airs sometime in 2019 it will be the end for the widely popular. Confidential), Carly Wray ( Mad Men ), and Bryan Cogman , who's been writing on Game of Thrones since the first season.

    Eagles on home field proving ground against Falcons

    Elliott made Eagles history by nailing 61-yard game-winning field goal against the Giants in Week 3. While the third-year back was with the Dolphins, Miami went 7-0 whenever he had 24 or more carries.