Wells Fargo & Company (WFC) Stock Rating Upgraded by Zacks Investment Research

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Wells Fargo & Company (WFC) Stock Rating Upgraded by Zacks Investment Research

RBC Capital Markets maintained Wells Fargo & Co (NYSE:WFC) on Friday, October 6 with "Buy" rating. Here's what you need to know. After $1.07 actual earnings per share reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts -1.87% negative EPS growth.

Wells Fargo & declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 28th that permits the company to buyback $11.50 billion in shares. 20,000 shares were sold by Hardison Hope A. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since October 12, 2016 and is uptrending. Sheets Smith Wealth Management holds 31,219 shares or 0.46% of its portfolio.

Investors sentiment increased to 0.88 in 2017 Q2.

Since May 5, 2017, it had 1 buying transaction, and 3 insider sales for $3.93 million activity. It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. Wells Fargo & Co Del Com now has $276.29B valuation. Compass Point maintained the stock with "Neutral" rating in Tuesday, January 19 report. Cumberland Prtnrs Limited accumulated 161,915 shares. Candriam Luxembourg S.C.A. now owns 485,901 shares of the financial services provider's stock worth $27,047,000 after acquiring an additional 64,742 shares during the period.

More notable recent Wells Fargo & Co (NYSE:WFC) news were published by: "Bloomberg.com which released: "Equifax Is Taking Over From Wells Fargo as the Financial Industry's Villain" on October 02, 2017, also Seekingalpha.com with their article: "Wells Fargo: "The Declines Are Over" published on September 24, 2017, Investorplace.com published: "Avoid Wells Fargo & Co (WFC) Stock Ahead of Earnings â€" And After!" on October 10, 2017.

Wells Fargo & Company (WFC) now the company's industry has 13.86 P/E and the sector P/E is 16.24. Advisory reported 110,440 shares stake. Teacher Retirement Of Texas, Texas-based fund reported 3.10M shares. It also reduced its holding in Vaneck Vectors Etf Tr by 1.73 million shares in the quarter, leaving it with 5.92 million shares, and cut its stake in Alnylam Pharmaceuticals Inc (NASDAQ:ALNY). Berenberg Bank lowered Wells Fargo & from a "hold" rating to a "sell" rating and upped their target price for the company from $35.00 to $45.00 in a research report on Friday, July 21st. Spirit Of America Management holds 0.13% or 21,676 shares. This indicates a relatively solid earnings per share growth rate of 15.75% over the next few years, which is an optimistic outlook in the near term. The firm has "Neutral" rating given on Tuesday, November 15 by Guggenheim. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in Wells Fargo & by 0.3% during the 2nd quarter. Sessa Cap Im LP has invested 0.69% in Wells Fargo & Co (NYSE:WFC). Nomura maintained Wells Fargo & Co (NYSE:WFC) on Monday, April 25 with "Buy" rating. Fulton Breakefield Broenniman owns 213,024 shares for 2.11% of their portfolio. The company was upgraded on Monday, September 19 by Robert W. Baird. Independent Order Of Foresters holds 10,960 shares. It increased, as 6 investors sold Invacare Corporation shares while 30 reduced holdings.

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The P/E ratio is now 13.70 and the market cap is 276.04B.

Average Revenue Estimate for the current quarter is $22.52 Billion, according to consensus forecast of 22 analysts.

EPS Estimate for the next Quarter is 1.03. Therefore 62% are positive.

Roemer, who joined Barclays in 2012, helped in reforming practices in the British bank's markets division following its involvement in the Libor rate-rigging scandal and an ongoing investigation into the lender's chief executive Jes Staley over attempts to unmask a whistleblower. As per Friday, April 7, the company rating was maintained by Aegis Capital.

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