Shares were Reiterated by RBC Capital Mkts on Jul 18, 2016 to “Outperform” and Lowered the Price Target to $ 54 from a previous price target of $57.Berenberg Initiated Wells Fargo & Co on Jul 13, 2016 to “Hold”, Price Target of the shares are set at $45.Wells Fargo & Co was Downgraded by Raymond James to ” Mkt Perform” on Jul 7, 2016. The stock has received “5” rating after consensus analysis from analysts. Royal Bank Of Canada’s target price suggests a potential upside of 13.18% from the company’s current price. Wells Fargo & Company has a 52-week low of 44.50 and a 52-week high of 58.77. (NYSE:WFC) opened at 47.71 on Monday. Although oil prices recovered in the second quarter, they still haven’t reached profitable levels for many energy firms. The company has a market cap of $245.59 billion and the numbers of outstanding shares have been calculated to be 5.08 billion shares. (NYSE:WFC) last posted its earnings results on Friday, July 15th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. US Bancorp said profit climbed 2.6% to a record $1.52bn, or 83c a share, from a year earlier. The business had revenue of $22.20 billion for the quarter. But after leasing discussions with Wells Fargo, HB Reavis has now agreed to forward sell the shares in its subsidiary which owns the development to the bank.
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Several other equities analysts also recently commented on the stock. 15,982,424 shares of the company were exchanged. Ltd.’s holdings in Wells Fargo & Co. were worth $56,377,000 as of its most recent SEC filing.
Shares of JPMorgan Chase & Co. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the stock.
The stock’s price moved up its 200-day moving average of $60.62.
WFC has been the subject of a number of analyst reports.
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Consumer banking giant Wells Fargo said its second-quarter earnings fell 3 percent from a year ago as the bank continues to feel pressure from low interest rates. 35120978 shares were traded on Wells Fargo & Company’s last session. Bath Savings Trust Co boosted its stake in shares of Wells Fargo & Co.by 3.5% in the first quarter. Finally, Ruane Cunniff & Goldfarb Inc. boosted its stake in shares of Wells Fargo & Co.by 5,580.0% in the second quarter. Terms of the transaction, including purchase price, were not disclosed. The share price is now 2.12 percent versus its SMA20, 1.82 percent versus its SMA50, and -48.5 percent versus its SMA200. The disclosure for this sale can be found here.
