Latest
Recommended
Published: Thu, April 20, 2017
Research | By Jennifer Evans

Bank regulator faults itself for missing Wells Fargo issues

Bank regulator faults itself for missing Wells Fargo issues

The current share price indicates that stock is -1.73% away from its one year high and is moving 32.59% ahead of its 52-week low. Cable Hill Partners LLC now owns 2,594 shares of the financial services provider's stock worth $117,000 after buying an additional 247 shares in the last quarter. Rocky Mountain Advisers LLC now owns 1,850 shares of the financial services provider's stock valued at $102,000 after buying an additional 1,000 shares in the last quarter. Zacks Investment Research cut Wells Fargo & Co from a "buy" rating to a "hold" rating in a report on Monday, February 6th. On average, equities research analysts expect that Wells Fargo & Co will post $4.20 EPS for the current fiscal year. The return on assets ratio shows how well management is employing the company's total assets to make a profit. For the past 5 years, the company's revenue has grown -3.3%, while the company's earnings per share has grown -4.1%. National Pension Service raised its position in shares of Wells Fargo & Co by 8.7% in the third quarter.

Analysts on average have given a price target of $64.74 to QUALCOMM Incorporated (QCOM) stock. Neville Rodie And Shaw invested 1.86% in Wells Fargo & Co (NYSE:WFC). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. With 15.71M avg volume, 2 days are for Wells Fargo & Company (NYSE:WFC)'s short sellers to cover WFC's short positions. The firm had revenue of $22 billion for the quarter, compared to analyst estimates of $22.25 billion. It also did not look into risks that could come from compensation programs like those at Wells. Empirical Finance LLC bought a new stake in shares of Wells Fargo & Co during the fourth quarter worth $128,000.

Shares of Wells Fargo & Co (NYSE:WFC) traded down 0.53% during mid-day trading on Tuesday, hitting $52.44. National Pension Service now owns 2,924,562 shares of the financial services provider's stock worth $129,500,000 after buying an additional 235,054 shares during the period. Finally, Johanson Financial Advisors Inc. raised its position in shares of Wells Fargo & Co by 8.5% in the third quarter.

Several equities research analysts have issued reports on WFC shares. Deutsche Bank AG reaffirmed a "buy" rating on shares of Wells Fargo & Co in a research note on Friday, December 23rd. The company had a trading volume of 6,595,825 shares. Wells Fargo & Co's revenue was down.9% compared to the same quarter past year. Davis Selected Advisers raised its position in shares of Wells Fargo & Co by 0.9% in the fourth quarter.

Wells Fargo & Company (WFC) is now showing its ROA (Return on Assets) of 1.1%. Longview Partners Guernsey LTD now owns 12,648,573 shares of the financial services provider's stock worth $560,079,000 after buying an additional 243,654 shares in the last quarter. During the same quarter a year ago, the firm posted $0.99 earnings per share. If you are reading this news story on another website, it was illegally copied and reposted in violation of worldwide copyright & trademark laws. Piper Jaffray Companies restated a "neutral" rating and issued a $52.00 price objective (down previously from $55.00) on shares of Wells Fargo & Co in a research report on Tuesday. Also, insider David M. Carroll sold 117,704 shares of the stock in a transaction dated Friday, March 3rd.

Monday's buying may be an attempt by top executives to shift this latest news cycle, Max Magee, a senior research analyst for stock buyback research group InsiderScore, told CNBC. Sard Verbinnen, a public relations firm which represents the Wells Fargo board of directors, did not immediately respond to inquiries. Hedge funds and other institutional investors own 73.25% of the company's stock. The disclosure for this sale can be found here.

A Wells Fargo spokesman said the bank and Sloan had no immediate comment.

"States know best what is happening within our own unique borders", said Maria Vullo, superintendent of the New York State Department of Financial Services, at an event in Washington. It worsened, as 112 investors sold WFC shares while 836 reduced holdings. It has three operating divisions: Community Banking, Wholesale Banking, and Wealth and Investment Management.

Like this: