Analysts See $1.17 EPS for Wells Fargo & Company (WFC)

September 16, 2018 - By Frank Plummer

Wells Fargo & Company (NYSE:WFC) LogoInvestors sentiment increased to 0.72 in 2018 Q2. Its up 0.13, from 0.59 in 2018Q1. It is positive, as 69 investors sold Wells Fargo & Company shares while 705 reduced holdings. 113 funds opened positions while 443 raised stakes. 3.60 billion shares or 0.58% less from 3.62 billion shares in 2018Q1 were reported.
Captrust Financial Advsr stated it has 33,857 shares. Cullinan Associates has invested 0.05% of its portfolio in Wells Fargo & Company (NYSE:WFC). Benin Corporation holds 6,896 shares or 0.17% of its portfolio. Old Point Tru Services N A holds 14,236 shares. Laffer Investments accumulated 90,687 shares or 0% of the stock. Lederer Associate Investment Counsel Ca stated it has 37,755 shares. Homrich Berg holds 0.16% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 38,712 shares. Brick Kyle Associates invested in 5,284 shares. Meiji Yasuda Asset owns 0.71% invested in Wells Fargo & Company (NYSE:WFC) for 143,381 shares. Signature Fincl Mgmt Inc invested in 40,683 shares or 0.48% of the stock. Arcadia Investment Management Mi holds 0.17% or 10,802 shares. Shelton Cap holds 5.2% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 1.51 million shares. 565,039 are held by Mutual Of America Capital Management. Btim holds 0.02% or 23,602 shares. 43.71 million were accumulated by Savings Bank Of Mellon.

Since May 24, 2018, it had 0 insider purchases, and 2 sales for $7.27 million activity. Another trade for 25,567 shares valued at $1.40 million was made by Pelos Petros G on Thursday, May 24.

Analysts expect Wells Fargo & Company (NYSE:WFC) to report $1.17 EPS on October, 12.They anticipate $0.13 EPS change or 12.50 % from last quarter’s $1.04 EPS. WFC’s profit would be $5.63B giving it 11.69 P/E if the $1.17 EPS is correct. After having $1.08 EPS previously, Wells Fargo & Company’s analysts see 8.33 % EPS growth. The stock decreased 0.49% or $0.27 during the last trading session, reaching $54.73. About 21.00M shares traded or 11.15% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 8.47% since September 16, 2017 and is uptrending. It has underperformed by 7.15% the S&P500.

Wells Fargo & Company (NYSE:WFC) Ratings Coverage

Among 14 analysts covering Wells Fargo (NYSE:WFC), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Wells Fargo had 23 analyst reports since March 26, 2018 according to SRatingsIntel. Morgan Stanley maintained it with “Underweight” rating and $60 target in Monday, April 16 report. Barclays Capital maintained it with “Overweight” rating and $66 target in Monday, April 16 report. The firm has “Buy” rating by Vining Sparks given on Friday, April 6. The firm has “Buy” rating given on Monday, April 16 by Buckingham Research. The firm earned “Outperform” rating on Monday, July 16 by Wood. Robert W. Baird maintained the shares of WFC in report on Monday, March 26 with “Buy” rating. The rating was maintained by Jefferies on Sunday, April 15 with “Hold”. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, July 16. The firm has “Buy” rating by Sandler O’Neill given on Thursday, March 29. The firm earned “Hold” rating on Sunday, April 15 by Keefe Bruyette & Woods.

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company has market cap of $263.59 billion. The Company’s Community Banking segment offers checking, savings, market rate, and individual retirement accounts, as well as time deposits and remittances; and lines of credit, automobile floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. It has a 13.93 P/E ratio. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, merchant payment processing, and private label financing solutions, as well as purchases retail installment contracts.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: which released: “Macquarie Downgrades Wells Fargo, Comerica, Sees Peak Bank Margins Ahead” on September 07, 2018, also with their article: “Wells Fargo & Company (NYSE:WFC) Wells Fargo can’t wake up from the nightmare” published on September 10, 2018, published: “Banks mostly tone down expectations for Q3, but Wells Fargo delivers some good news” on September 14, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: and their article: “Charlotte-area banks are closing early today as Hurricane Florence moves in” published on September 14, 2018 as well as‘s news article titled: “Reuters: US regulators reject Wells Fargo’s plan to repay customers” with publication date: September 11, 2018.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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