News Worms
News Worms


Wells Fargo & Co (WFC) Stock Falls on Q3 Revenue Miss

Wells Fargo & Co (WFC) Stock Falls on Q3 Revenue Miss

On Friday, Wells Fargo and Bank of America released Q3 2017 financial results.

"We are waiting for the quarter that Wells shows stronger momentum across the business and this was not the quarter", analysts from Keefe, Bruyette & Woods said in a client note.

ARM interest rates in the 5 year category at Wells Fargo are being quoted at 3.375% and an April of 3.445%. Uss Inv Mgmt Ltd reported 6.36M shares.

Mad River Investors holds 0.23% of its portfolio in Pingtan Marine Enterprise Ltd for 49,769 shares. Investment Of Virginia Limited Liability Company accumulated 155,779 shares or 2.08% of the stock. Dnb Asset As holds 0% or 504,918 shares. Rnc Cap Mngmt Ltd Company owns 851,721 shares or 3.65% of their United States portfolio. Livforsakringsbolaget Skandia Omsesidigt owns 21,922 shares. Ls Invest Advisors Limited Com has invested 0.74% of its portfolio in Wells Fargo & Co (NYSE:WFC). Tci Wealth Advsr reported 50 shares. The stock of Wells Fargo & Co (NYSE:WFC) has "Buy" rating given on Wednesday, September 2 by Sandler O'Neill. Lynch And In stated it has 2.56% of its portfolio in Wells Fargo & Co (NYSE:WFC). Mack Mary T sold $2.05M worth of stock. Shares slumped 3.6 percent to $53.22 at 9:54 a.m.in NY.

Gardner Russo & Gardner Llc decreased Wells Fargo (WFC) stake by 7.36% reported in 2017Q2 SEC filing. Institutional investors own 75.12% of the company's stock. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Wells Fargo & by 0.7% in the first quarter. The stock increased 0.07% or $0.04 during the last trading session, reaching $55.66. About 416,881 shares traded.

While looking at the Stock's Performance, Wells Fargo & Company now shows a Weekly Performance of -0.32%, where Monthly Performance is 7.29%, Quarterly performance is 0.4%, 6 Months performance is 7.52% and yearly performance percentage is 21.82%. It has underperformed by 7.03% the S&P500. About shares traded. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since October 13, 2016 and is uptrending.

Wells Fargo & Company (WFC) now the company's industry has 13.86 P/E and the sector P/E is 16.24.

Wells Fargo's third-quarter profits dropped 18 percent, caused by a significant increase in the bank's legal expenses tied to its mortgage practices before the financial crisis. PG's profit will be $2.73B for 21.33 P/E if the $1.07 EPS becomes a reality.

Wells Fargo & Co's earnings per share for the third quarter of 2017 also didn't do WFC stock any favors today.

The firm has paid or set aside more than $600 million for expenses tied to the sales scandal, and said it will give $80 million to wronged auto customers.

Following trading activity for Wells Fargo & Company (NYSE:WFC), we can see that the stock has moved onto today's list of most actives.

Among 32 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 14 Hold. Therefore 38% are positive. Wells Fargo & Company has a 52 week low of $44.32 and a 52 week high of $59.99. RBC Capital Markets maintained the stock with "Hold" rating in Wednesday, July 26 report.

Wells Fargo & Company is a bank holding company. RBC Capital Markets has "Buy" rating and $6000 target. Goldman Sachs Group, Inc.

5 year sales growth rate is an important factor for valuation analysis, the industry's and the sector's growth for next 5 years ticked at -2.36 and -8.01 respectively. As per Thursday, September 14, the company rating was maintained by BMO Capital Markets. The firm earned "Sell" rating on Thursday, September 24 by Axiom Capital. Empire Company Limited had 41 analyst reports since September 10, 2015 according to SRatingsIntel.

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

follow

editors' picks

October 14, 2017
Egypt out of race for UNESCO chief, endorses French candidate
The agency's outgoing head, Bulgaria's Irina Bokova, told French radio that UNESCO's "universal mission was in jeopardy". The final vote between Azoulay and Al-Kawari will take place later on Friday, with a toss in case of a tie.

October 14, 2017
North Korea's top diplomat says Donald Trump lit fuse of war
The drill, which involves aircraft carrier Ronald Reagan, is scheduled to begin Monday in waters east and west of South Korea. The previous test compelled Washington to accelerate its global campaign to exert sanctions and pressure on North Korea.

October 14, 2017
Michigan Mom Spends Week in Jail for Not Immunizing Son
Parents in MI are legally allowed to skip or delay their children's vaccinations due to personal beliefs, according to the BBC . Do you think all states should require vaccinations with only medical vaccinations?

October 14, 2017
President Trump to Address 12th Annual Values Voter Summit
White-only Catholics voted for Mitt Romney by a slight margin, while President Trump won them overwhelmingly. Turning to foreign policy, Trump told the audience: "Above all else, we know this".

October 14, 2017
ALCS Game 1: Masahiro Tanaka to start for New York Yankees vs
It will be a challenge for the 25-year-old MVP co-favorite to rediscover his swing in such a short amount of time. Justin Verlander has a 1.88 ERA in his last nine postseason starts dating back to 2012.

October 13, 2017
Health advisory and Spare the Air alerts in effect for Bay Area
People take pictures of the Golden Gate Bridge as smoke from wildfires covers the San Francisco skyline Tuesday, Oct. 10, 2017. Residents in Napa, Solano and Sonoma counties should try to stay inside buildings with air conditioning.

October 13, 2017
Richard Branson invests in transportation startup Hyperloop One
Hyperloop One, the Los Angeles-based startup working on an ultrafast tube transportation system, is no more. Virgin Group has invested in Hyperloop One and rebranded the company Virgin Hyperloop One .

October 13, 2017
Court Rules in Favor of National Football League in Ezekiel Elliott Suspension
The NFL filed in that federal court after Elliott's NFL appeal was denied by arbitrator Harold Henderson last month. The NFLPA is expected to file a motion for a temporary restraining order and preliminary injunction in the U.S.

October 13, 2017
Mustafi out, Koscielny set for late fitness test: Wenger
Alex Iwobi has impressed during his stint in the line-up and Arsene Wenger could continue to show faith in the Nigerian forward. At the moment he is not available. "I will decide what I have to do when Koscielny has his test tomorrow".

October 13, 2017
British IS recruiter dubbed White Widow `killed in USA drone strike´
British Islamic State recruiter Sally Jones , the so-called "White Widow", has reportedly been killed by a drone strike in Syria. According to the Sun , Jones was last seen fleeing from Raqqa, heading for a town on the border with Iraq .