Wells Fargo & Company Earnings Ahead: Quick Glance

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A number of hedge funds and other institutional investors have recently made changes to their positions in WFC. The stock increased 0.63% or $0.12 during the last trading session, reaching $19.26. About 35 shares traded. Invacare Corporation (NYSE:IVC) has risen 42.93% since October 12, 2016 and is uptrending. During the same quarter a year ago, the firm posted $1.01 EPS.

Beta is also an important valuation ratio for analyzing the stock of the company, WFC's beta remains at 0.95. Share performance for the month is now at 7.93%.

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on October, 13 before the open. Argent Trust Company invested in 39,713 shares or 0.91% of the stock. About 14.67M shares traded. It has underperformed by 7.03% the S&P500.


Since May 5, 2017, it had 1 insider buy, and 3 selling transactions for $3.93 million activity. During the same quarter previous year, the firm posted $1.01 EPS. The original version of this report can be accessed at https://www.truebluetribune.com/2017/10/12/jefferies-group-analysts-increase-earnings-estimates-for-wells-fargo-company-wfc.html.

Wells Fargo & Company has a 52 week low of $44.28 and a 52 week high of $59.99 with a P/E ratio of 13.66 The company's market cap is now $0. The ex-dividend date was Wednesday the 2nd of August 2017. Wells Fargo & Company (NYSE:WFC)'s short interest is 31.92 million shares, or 0.71% of the float. Therefore 41% are positive. Analysts expect next quarter's EPS will be $1.05 with next year's EPS projected to be $4.40. The company was upgraded on Tuesday, September 20 by Morgan Stanley. Benjamin F Edwards & Incorporated stated it has 0.17% in Wells Fargo & Co (NYSE:WFC). The rating was maintained by Robert W. Baird with "Buy" on Tuesday, September 5. Sandler O'Neill upgraded the stock to "Buy" rating in Wednesday, September 2 report. Marathon Asset Management Llp has invested 1.63% in Wells Fargo & Co (NYSE:WFC). Jefferies has "Hold" rating and $6200 target. The stock has "Buy" rating by Citigroup on Thursday, January 7.

The company last reported its quarterly results on Oct 13 BMO. (NYSE:JPM) puts the stock on today's active list.


Investors sentiment increased to 0.88 in Q2 2017. Its up 0.12, from 0.76 in 2017Q1. It worsened, as 5 investors sold Lincoln Educational Services Corp shares while 12 reduced holdings. 110 funds opened positions while 566 raised stakes. Brick & Kyle Associates now owns 1,859 shares of the financial services provider's stock valued at $103,000 after acquiring an additional 162 shares during the period. Moreover, Ajo LP has 0% invested in Wells Fargo & Co (NYSE:WFC) for 5,474 shares. Ims Capital Mngmt reported 4,327 shares. Blackrock holds 638,385 shares. Vanguard invested in 0% or 2.93M shares. Hancock Hldg invested in 0.01% or 4,413 shares. First Manhattan reported 2.05% stake. Macquarie Gru Limited has invested 0.1% in Wells Fargo & Co (NYSE:WFC).

Wells Fargo & Company is a bank holding company. Brick & Kyle Associates lifted its holdings in shares of Wells Fargo & by 9.5% during the first quarter. Insider ownership decreased by a total of 28695 shares, which suggests that WFC's key executives are feeling less optimistic about the outlook for the stock. Finally, Keefe, Bruyette & Woods reiterated an overweight rating on shares of Wells Fargo & in a report on Thursday, July 13th. Therefore 83% are positive. Reynolds American Inc. had 36 analyst reports since July 29, 2015 according to SRatingsIntel. As per Friday, April 7, the company rating was maintained by Aegis Capital. Aegis Capital initiated Ingevity Corp (NYSE:NGVT) on Tuesday, November 22 with "Buy" rating. 9,050 shares valued at $499,108 were bought by SARGENT RONALD on Friday, May 5.

Tig Advisors Llc, which manages about $3.62 billion and $1.68 billion US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (Put) (SPY) by 101,000 shares to 441,300 shares, valued at $106.71 million in 2017Q2, according to the filing. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Wells Fargo & by 0.3% during the second quarter.


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