What Are Analysts Suggestions On Wells Fargo & Company

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Novare Ltd Liability holds 1.19% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 95,146 shares. The stock has an average rating of "Hold" and an average price target of $57.19. Mackay Shields Llc who had been investing in Tyson Foods Inc for a number of months, seems to be bullish on the $1.93B market cap company. Keefe, Bruyette & Woods set a $61.00 price objective on shares of Wells Fargo & and gave the stock a "buy" rating in a report on Friday, August 25th. Piper Jaffray Companies reiterated a "hold" rating on shares of Wells Fargo & in a report on Sunday, July 30th.

Wells Fargo & Co notes that revenue for Wholesale Banking in the third quarter of 2017 was $7.09 billion. Finally, Robert W. Baird reissued a "buy" rating and issued a $58.00 price objective on shares of Wells Fargo & in a report on Tuesday, September 5th.

Wells Fargo & (NYSE:WFC) last issued its quarterly earnings data on Friday, October 13th. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The firm has "Strong-Buy" rating given on Friday, April 28 by Vining Sparks. The stock declined 2.74% or $1.51 reaching $53.7 per share.

At 11:03 am ET (1503 GMT), the Dow Jones Industrial Average was up 34.06 points, or 0.15 per cent, at 22,875.07, the 500 was up 5.42 points, or 0.21 per cent, at 2,556.35 and the Nasdaq Composite was up 20.14 points, or 0.31 per cent, at 6,611.65. The company has a 50 day moving average of $53.03 and a 200 day moving average of $53.57. The company has a market cap of $266.51 billion, a PE ratio of 13.22 and a beta of 0.97. The Ohio government has extended its ban of working with Wells Fargo and lawmakers have questions if the bank has paid a sufficient price for the scandal.

Wells Fargo & Co.is expected to report its third-quarter results before the market opens Friday. The Quantres Asset Management Ltd holds 15,500 shares with $859,000 value, down from 36,300 last quarter. Wells Fargo & Co now has $265.32 billion valuation. The Return on Equity (ROE) value stands at 11.6%. Gradient Investments Ltd Liability has invested 0.01% in Wells Fargo & Co (NYSE:WFC). Busey Company invested 1.88% of its portfolio in Wells Fargo & Co (NYSE:WFC). Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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Institutional investors and hedge funds have recently made changes to their positions in the business. It also reduced its holding in Mfs Mun Income Tr (NYSE:MFM) by 46,901 shares in the quarter, leaving it with 347,524 shares, and cut its stake in Invesco Quality Muni Inc Trs (IQI). The stock decreased 0.81% or $0.45 during the last trading session, reaching $55.21. It is positive, as 85 investors sold WFC shares while 685 reduced holdings. Strs Ohio owns 0.35% invested in Calpine Corporation (NYSE:CPN) for 5.84 million shares.

However, many of its problems come from its own admissions in 2016 that it opened millions of different accounts without the consent of customers who were then wrongly charged for overdrafts and other fees which in turn hurt their credit. Kelman Lazarov Inc. lifted its position in shares of Wells Fargo & by 6.0% during the second quarter. "While the current crisis related to the revelation of illegally opening millions of illegal accounts previous year at the company will take some time to alleviate, we believe that consistent growth in loans and deposits and expansions will likely support its growth profile". Stephens Incorporated Ar accumulated 208,496 shares or 0.4% of the stock. The bank noted, "the production margin on residential held-for-sale mortgage loan originations was 1.24 percent, consistent with the second quarter". The Company is a diversified financial services company.

Net income fell 18.6 percent to $4.60 billion, or 84 cents per share for the quarter ended September 30, hurt by $1 billion in costs related to old mortgage problems.

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