Here's What To Look For In Wells Fargo's Earnings

Posted April 13, 2017

Alpha Windward LLC raised its position in Wells Fargo & Co by 0.6% in the third quarter. Latest closing price was -5.14% below its 50-day moving average and 6.06% above its 200-day moving average. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Horizon Kinetics LLC raised its stake in Wells Fargo & Co by 56.3% in the fourth quarter. The stock is now trading -4.53% below its SMA 50 and -5.95% below its SMA 200. Finally, Congress Asset Management Co. Johnson Invest Counsel has invested 0.23% in Wells Fargo & Co (NYSE:WFC). Retirement Sys Of Alabama has 0.97% invested in Wells Fargo & Co (NYSE:WFC). The firm has a market capitalization of $266.55 billion, a P/E ratio of 13.352 and a beta of 0.98. Putnam Fl Investment Management has 0.37% invested in Wells Fargo & Co (NYSE:WFC) for 59,046 shares. Wells Fargo & Co also was the target of unusually large options trading activity on Tuesday. This is an increase of approximately 233% compared to the typical daily volume of 11,078 put options.

Wells Fargo & Co (NYSE:WFC) last issued its earnings results on Friday, January 13th. The financial services provider reported $0.96 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.00 by $0.04. Wells Fargo & Co had a return on equity of 12.60% and a net margin of 23.30%. During the same quarter a year ago, the business posted $1.03 EPS.

The company reported an impressive total revenue of 0 in the last fiscal year.

Analysts expect Wells Fargo & Co (NYSE:WFC) to report $0.97 EPS on April, 13 before the open.They anticipate $0.02 EPS change or 2.02% from last quarter's $0.99 EPS. If you are accessing this news story on another domain, it was stolen and republished in violation of worldwide copyright and trademark laws. The legal version of this piece can be viewed at

The stock increased 3.22% or $0.39 during the last trading session, reaching $12.51. The current share price indicate that stock is -11.16% away from its one year high and is moving 92.39% ahead of its 52-week low. 373,783 are held by Davis R M. Patten And Patten Incorporated Tn holds 1.31% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 193,648 shares.

Wells Fargo & Company has 5,003,367,000 shares in issue which have a share price of 53.47 giving Wells Fargo & Company a market capitalisation of 267.53B United States dollars.

According to a report issued to investors by Piper Jaffray on Tuesday, shares of Wells Fargo & Company (NYSE:WFC) had their rating upgraded by analysts to "Neutral". Finally, Robert W. Baird reissued a "buy" rating and issued a $58.00 target price on shares of Wells Fargo & Co in a research note on Tuesday, January 10th. The company now has an average rating of "Hold" and a consensus target price of $55.46. The stock presently has an average rating of "Hold" and an average target price of $54.37.

While taking an overview of recommendation trends, the stock now has an average brokerage recommendation of 2.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions.

Regions Financial Corporation (NYSE:RF) announced that Denise Redden, who retired in March after 38 years with the company, is the April 2017 recipient of the Regions Bank Better Life Award. It has three operating divisions: Community Banking, Wholesale Banking, and Wealth and Investment Management.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, WFC earned gross profit of 0, in 2015 0 gross profit, while in 2016 Wells Fargo & Company (WFC) produced 0 profit.