Key Takeaways from Wells Fargo (NYSE:WFC) 1Q18 Earnings

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Analysts often provide buy/sell/hold recommendations for companies that they cover. Guggenheim cut Wells Fargo & Company from a "neutral" rating to a "sell" rating in a research note on Tuesday, December 13th. Finally, BMO Capital Markets restated a "hold" rating and issued a $59.00 price objective on shares of Wells Fargo in a research report on Thursday, January 4th. Analysts reported that the Price Target for Wells Fargo & Company might touch $75 high while the Average Price Target and Low price Target is $63.64 and $45 respectively. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company's stock. Wells Fargo Co New has $257.80 billion market cap. Mckinley Carter Wealth has invested 0.11% in Wells Fargo & Company (NYSE:WFC). The company had a trading volume of 19,091,232 shares, compared to its average volume of 22,646,732. The stock has a market capitalization of $253,301.77, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.37 and a beta of 1.13. Wells Fargo has a fifty-two week low of $49.27 and a fifty-two week high of $66.31. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.90 and a quick ratio of 0.88. The stock has "Overweight" rating by JP Morgan on Friday, October 9. The company reported the earnings of $0.97/Share in the last quarter where the estimated EPS by analysts was $1.07/share.

The preliminary earnings for the first quarter of the year also include revenue of $21.90 billion.

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Friday's demonstration is the third consecutive week Israeli snipers have opened fire on unarmed Palestinian protesters in Gaza. Thousands of Palestinians gathered at five tent camps, several hundred meters (yards) from the border fence.

Shares of Wells Fargo & Company (NYSE:WFC) have seen the needle move 1.48% in the most recent session. Return on assets (ROA) results to 1.10%. Latest trading price was -8.86% downbeat to its 50-day moving average and below -7.44% to its 200-day moving average. Following the acquisition, the director now owns 81 shares in the company, valued at $4,534.38.

A number of hedge funds have recently added to or reduced their stakes in WFC. Finally, Vanguard Group Inc. boosted its holdings in shares of Wells Fargo by 1.2% during the second quarter. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. The efforts to build a better Wells Fargo during the quarter included continuing to improve our compliance and operational risk management programs, investing in innovative products and services that enhance the customer experience including the roll-out of our digital mortgage application and predictive banking service, and increasing the minimum hourly pay rate for USA -based team members. BKS Advisors LLC purchased a new stake in shares of Wells Fargo in the third quarter valued at approximately $143,000. Marble Harbor Counsel Ltd Limited Liability Company has invested 1.14% of its portfolio in Wells Fargo & Company (NYSE:WFC). It also increased its holding in Lyon William Homes (NYSE:WLH) by 114,940 shares in the quarter, for a total of 184,095 shares, and has risen its stake in Pacwest Bancorp Del (NASDAQ:PACW). Basswood Capital Management Llc sold 187,199 shares as the company's stock declined 16.98% with the market.

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Wells Fargo (NYSE:WFC) last announced its quarterly earnings data on Friday, January 12th. If you are reading this news story on another website, it was stolen and reposted in violation of global copyright laws.

The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance.

A drink a day could be deadly, study finds
Another patron, Jaussi Ruotsalainen, a tourist from Finland, said he rarely drinks because he has two young kids at home. They made a point of excluding people who had a known history of heart problems at the time they had entered the study.

To view Vetr's full report, visit Vetr's official website.

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