Wells Fargo & Firm (NYSE:WFC – Get Free Report) is about to announce its earnings outcomes earlier than the market opens on Friday, October eleventh. Analysts anticipate the corporate to announce earnings of $1.27 per share for the quarter.
Wells Fargo & Firm (NYSE:WFC – Get Free Report) final posted its earnings outcomes on Friday, July twelfth. The monetary companies supplier reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Wells Fargo & Firm had a internet margin of 15.17% and a return on fairness of 12.30%. The agency had income of $20.69 billion in the course of the quarter, in comparison with the consensus estimate of $20.29 billion. Throughout the identical quarter within the prior 12 months, the corporate earned $1.25 EPS. The corporate’s income was up .8% on a year-over-year foundation. On common, analysts anticipate Wells Fargo & Firm to publish $5 EPS for the present fiscal 12 months and $5 EPS for the following fiscal 12 months.
Wells Fargo & Firm Buying and selling Up 3.6 %
NYSE WFC opened at $56.96 on Friday. The corporate has a debt-to-equity ratio of 1.11, a fast ratio of 0.85 and a present ratio of 0.86. Wells Fargo & Firm has a one 12 months low of $38.58 and a one 12 months excessive of $62.55. The corporate’s 50 day transferring common value is $55.36 and its 200 day transferring common value is $57.75. The agency has a market capitalization of $198.58 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.32 and a beta of 1.16.
Wells Fargo & Firm Will increase Dividend
The agency additionally just lately introduced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of document on Friday, August ninth have been paid a $0.40 dividend. This represents a $1.60 dividend on an annualized foundation and a dividend yield of two.81%. The ex-dividend date of this dividend was Friday, August ninth. This is a rise from Wells Fargo & Firm’s earlier quarterly dividend of $0.35. Wells Fargo & Firm’s dividend payout ratio (DPR) is presently 32.85%.
Analyst Rankings Modifications
WFC has been the topic of a number of current analysis studies. Morgan Stanley lowered their value goal on Wells Fargo & Firm from $68.00 to $67.00 and set an “obese” ranking for the corporate in a report on Monday, September thirtieth. Evercore ISI raised their goal value on Wells Fargo & Firm from $65.00 to $68.00 and gave the corporate an “outperform” ranking in a report on Wednesday. Keefe, Bruyette & Woods decreased their value goal on Wells Fargo & Firm from $62.00 to $61.00 and set a “market carry out” ranking for the corporate in a report on Monday, July fifteenth. Deutsche Financial institution Aktiengesellschaft raised shares of Wells Fargo & Firm from a “maintain” ranking to a “purchase” ranking and set a $65.00 value goal for the corporate in a analysis report on Tuesday, September third. Lastly, BMO Capital Markets boosted their goal value on shares of Wells Fargo & Firm from $55.00 to $57.00 and gave the inventory a “market carry out” ranking in a analysis report on Thursday, July eleventh. Twelve analysis analysts have rated the inventory with a maintain ranking, six have given a purchase ranking and one has assigned a powerful purchase ranking to the inventory. Based on knowledge from MarketBeat, Wells Fargo & Firm has a median ranking of “Maintain” and a median goal value of $60.41.
Examine Out Our Newest Inventory Evaluation on Wells Fargo & Firm
Wells Fargo & Firm Firm Profile
Wells Fargo & Firm, a monetary companies firm, gives diversified banking, funding, mortgage, and client and industrial finance services in the USA and internationally. The corporate operates via 4 segments: Shopper Banking and Lending; Business Banking; Company and Funding Banking; and Wealth and Funding Administration.
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