News headlines about Wells Fargo & (NYSE:WFC) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wells Fargo & earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.3518670007892 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Industry Group Rank Make Wells Fargo & Co (WFC) a Sell (investorplace.com)
- Kristin Lesher, Co-head Of Investment Banking Coverage, Wells Fargo Securities (Photo: Business Wire) (thestreet.com)
- Are you a victim of Wells Fargo fraud? You have until Feb. 3 to ask for money back (journalnow.com)
- Wells defends Immunomedics, 19% selloff a “buying opportunity” (seekingalpha.com)
- Get Started: House committee OKs small business tax changes (marketbeat.com)
Shares of Wells Fargo & (NYSE WFC) opened at $53.60 on Tuesday. Wells Fargo & has a 52-week low of $49.27 and a 52-week high of $59.99. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91. The company has a market capitalization of $264,974.47, a PE ratio of 13.00, a P/E/G ratio of 1.29 and a beta of 0.97.
Wells Fargo & (NYSE:WFC) last announced its earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.20). Wells Fargo & had a net margin of 22.00% and a return on equity of 12.59%. The business had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. research analysts forecast that Wells Fargo & will post 3.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, November 2nd. This represents a $1.56 annualized dividend and a dividend yield of 2.91%. Wells Fargo &’s payout ratio is 40.31%.
A number of research firms have recently weighed in on WFC. Vetr downgraded Wells Fargo & from a “hold” rating to a “sell” rating and set a $53.07 target price for the company. in a research report on Monday, October 2nd. Instinet reiterated a “buy” rating and set a $65.00 target price (up from $64.00) on shares of Wells Fargo & in a research report on Saturday, September 30th. Nomura boosted their price target on Wells Fargo & from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, September 28th. BMO Capital Markets raised Wells Fargo & from an “underperform” rating to a “market perform” rating and lowered their price target for the stock from $50.00 to $47.00 in a report on Monday, July 31st. They noted that the move was a valuation call. Finally, Vertical Group began coverage on Wells Fargo & in a report on Friday, October 6th. They set a “sell” rating for the company. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $57.20.
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Wells Fargo & Company Profile
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.
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