Wells Fargo & Co (WFC) Receiving Somewhat Favorable Press Coverage, Study Finds

News articles about Wells Fargo & Co (NYSE:WFC) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wells Fargo & Co earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.6453096438775 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

A number of brokerages have issued reports on WFC. Goldman Sachs Group reissued a “buy” rating on shares of Wells Fargo & Co in a research note on Wednesday, October 11th. Vetr raised Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $54.49 price objective on the stock in a research note on Tuesday, October 24th. Vertical Group assumed coverage on Wells Fargo & Co in a research note on Friday, October 6th. They issued a “sell” rating on the stock. Credit Suisse Group reaffirmed a “hold” rating and issued a $57.00 price objective on shares of Wells Fargo & Co in a research note on Tuesday, October 10th. Finally, UBS Group set a $55.00 price objective on Wells Fargo & Co and gave the company a “hold” rating in a research note on Monday, October 16th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $58.87.

Shares of Wells Fargo & Co (NYSE:WFC) traded up $0.42 during midday trading on Friday, hitting $62.75. The stock had a trading volume of 13,954,586 shares, compared to its average volume of 19,890,000. Wells Fargo & Co has a 1-year low of $49.27 and a 1-year high of $63.05. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The company has a market cap of $309,220.00, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.71 and a beta of 0.96.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.20). Wells Fargo & Co had a net margin of 22.00% and a return on equity of 12.59%. The firm had revenue of $21.93 billion during the quarter, compared to the consensus estimate of $22.30 billion. During the same quarter last year, the firm posted $1.03 earnings per share. Wells Fargo & Co’s revenue was down 1.8% compared to the same quarter last year. research analysts forecast that Wells Fargo & Co will post 3.98 EPS for the current year.

In other news, insider John R. Shrewsberry sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $56.90, for a total value of $3,983,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard Levy sold 97,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. The disclosure for this sale can be found here. Insiders sold a total of 184,482 shares of company stock valued at $10,471,050 over the last quarter. Company insiders own 0.22% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Wells Fargo & Co (WFC) Receiving Somewhat Favorable Press Coverage, Study Finds” was first published by Equities Focus and is owned by of Equities Focus. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.equitiesfocus.com/2018/01/06/wells-fargo-co-wfc-receiving-somewhat-favorable-press-coverage-study-finds.html.

About Wells Fargo & Co

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.

Insider Buying and Selling by Quarter for Wells Fargo & Co (NYSE:WFC)

Receive News & Ratings for Wells Fargo & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply