Wells Fargo & Company (NYSE:WFC) Receives Outperform Rating From Evercore ISI Analysts

13 April, 2017, 01:38 | Author: Celia Hoffman
  • Wells Fargo sign is displayed at a branch in New York. In the results of an investigation released Monday

Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have issued a buy rating to the company. Indeed, ADI's recent annualized dividend of 1.80/share (currently paid in quarterly installments) works out to an annual yield of 2.27% based upon the recent $79.33 share price. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. 10,858,800 shares of the stock traded hands.

Currently, the market capitalization of Wells Fargo & Company (WFC) is 270.98 Billion. Susquehanna upgraded the shares of WFC in report on Wednesday, January 20 to "Positive" rating. Investors bought 36,842 put options on the stock. This is an increase of 233% compared to the typical volume of 11,078 put options. A month ago, analyst EPS consensus estimated earnings of US$0.96 per share. Expected growth of Wells Fargo & Company (WFC) for the next year 5 years is 7.46 percent (per annum), as compared to 5.6 percent (per annum) in the past 5 years. IN2, now a $30 million program co-administered by Wells Fargo and the U.S. Department of Energy's National Renewable Energy Laboratory (NREL), will expand its focus to additional sectors such as transportation, microgrid solutions and sustainable agriculture, and implement a Channel Partner Award program.

The company reported an impressive total revenue of 0 in the last fiscal year. During the same period previous year, the firm earned $1.03 EPS. Looking at this figure it suggests that the shares of Wells Fargo & Company (WFC) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Wells Fargo & Company (WFC) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.03 on scale of 1-5.

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WARNING: This piece of content was originally published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this news story on another domain, it was stolen and republished in violation of global copyright and trademark laws. Zacks Investment Research cut Wells Fargo & Co from a "buy" rating to a "hold" rating in a research note on Monday, February 6th. The stock now has a Market Cap of $419.22M. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Longview Partners Guernsey LTD boosted its stake in shares of Wells Fargo & Co by 2.0% in the third quarter.

About 16.65M shares traded. Toronto Dominion Bank increased its position in shares of Wells Fargo & Co by 46.9% in the third quarter. Alpha Windward LLC now owns 6,453 shares of the financial services provider's stock valued at $286,000 after buying an additional 37 shares in the last quarter. Rocky Mountain Advisers LLC raised its stake in Wells Fargo & Co by 117.6% in the fourth quarter. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/04/12/menora-mivtachim-holdings-ltd-sells-441500-shares-of-wells-fargo-co-wfc.html. TCI Wealth Advisors Inc. now owns 21,245 shares of the financial services provider's stock worth $941,000 after buying an additional 95 shares during the last quarter. Wells Fargo & Co also was the recipient of unusually large options trading activity on Tuesday. Institutional investors own 73.25% of the company's stock.

What matters in the earnings report: (i) revenue momentum-loan, deposit, primary checking and credit card account growth; (ii) balance sheet management: liquidity build/deployment, securities portfolio mix shifts and its impact on asset sensitivity and TLAC implementation progress; (iii) evidence that the bank is holding its own in market-related businesses-wealth management, retail brokerage and investment banking; (iv) expense management...

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