Baird Upgrades Wells Fargo & Co to Outperform

Brokerage firm Baird Upgrades its rating on Wells Fargo & Co(NYSE:WFC). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Baird was issued on Sep 19, 2016.

In a different note, On Sep 21, 2016, JP Morgan said it Downgrades its rating on Wells Fargo & Co. In the research note, the firm Lowers the price-target to $53.50 per share. The shares have been rated ‘Neutral’ by the firm. On Sep 16, 2016, Atlantic Equities said it Downgrades its rating on Wells Fargo & Co. The shares have been rated ‘Underweight’ by the firm. On Sep 15, 2016, Barclays said it Maintains its rating on Wells Fargo & Co. In the research note, the firm Lowers the price-target to $61.00 per share. The shares have been rated ‘Overweight’ by the firm. On Sep 15, 2016, UBS said it Maintains its rating on Wells Fargo & Co. In the research note, the firm Lowers the price-target to $45.00 per share. The shares have been rated ‘Sell’ by the firm. On Sep 9, 2016, Rafferty said it Downgrades its rating on Wells Fargo & Co. The shares have been rated ‘Sell’ by the firm. On Jul 18, 2016, Barclays said it Maintains its rating on Wells Fargo & Co. In the research note, the firm Lowers the price-target to $63.00 per share. The shares have been rated ‘Overweight’ by the firm.

Wells Fargo & Co (WFC) shares turned negative on Thursdays trading session with the shares closing down -0.11 points or -0.24% at a volume of 3,69,64,352. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.12. The peak price level was also seen at $46.12 while the days lowest was $45.37. Finally the shares closed at $45.72. The 52-week high of the shares is $56.34 while the 52-week low is $44.5. According to the latest information available, the market cap of the company is $230,682 M.

Wells Fargo & Co(WFC) last announced its earnings results on Jul 15, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $22.16B. Analysts had an estimated revenue of $22.21B. Earnings per share were $1.01. Analysts had estimated an EPS of $1.01.

Several Insider Transactions has been reported to the SEC. On Aug 9, 2016, Timothy J Sloan (President & COO) sold 20,500 shares at $48.92 per share price.Also, On May 6, 2016, Federico F Pena (director) purchased 85 shares at $49.50 per share price.On May 4, 2016, James H. Quigley (director) purchased 2,000 shares at $49.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Wells Fargo & Company is a financial services and bank holding company. The Company’s segments are Community Banking Wholesale Banking and Wealth and Brokerage and Retirement. The Company’s Community Banking segment offers a range of financial products and services for consumers and small businesses including checking and savings accounts credit and debit cards and auto student and small business lending. The Community Banking segment’s products include investment insurance and trust services and mortgage and home equity loans. The Community Banking segment’s products and business segments include middle market commercial banking government and institutional banking corporate banking and commercial real estate among others. The Company’s Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Wells Fargo & Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Wells Fargo & Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.