The CEO said Wells Fargo has hired back roughly 1,000 former employees who may fit into those categories.
Wells Fargo & Co's WFC.N largest investor, Warren Buffett, has likely already voted his shares to support the bank's recommendations at its contentious annual shareholder meeting next week, a representative told Reuters on Wednesday, which include reinstating most of the board's directors. North Star Asset Management Inc. boosted its position in Wells Fargo & Co by 0.3% in the third quarter. The stock of Wells Fargo & Co (NYSE:WFC) has "Buy" rating given on Thursday, January 7 by Citigroup. However, the recent sham accounts scandal at Wells Fargo serves as cautionary tale against favouring building-block business wisdom over the backbone values of the legal profession. Alpha Windward LLC now owns 6,453 shares of the financial services provider's stock worth $286,000 after buying an additional 37 shares in the last quarter.
Wells Fargo & Company shares decreased -3.87 percent over the past week and fell -11.13 percent over the previous month. Integrated Wealth Counsel LLC now owns 2,408 shares of the financial services provider's stock valued at $107,000 after buying an additional 363 shares in the last quarter.
Shares of Wells Fargo & Co (NYSE:WFC) traded up 0.55% during midday trading on Wednesday, hitting $52.74. Institutional investors and hedge funds own 73.25% of the company's stock. The stock of Wells Fargo & Co (NYSE:WFC) has "Outperform" rating given on Monday, September 19 by Robert W. Baird.
Another critical number in evaluating a stock is P/E or the price to earnings ratio. The stock's 50 day moving average is $56.43 and its 200 day moving average is $53.53. Wells Fargo & Co has a one year low of $43.55 and a one year high of $59.99. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.00 by $0.04. The company earned $22 billion during the quarter, compared to analyst estimates of $22.25 billion. Wells Fargo & Company had 63 analyst reports since July 29, 2015 according to SRatingsIntel.
If we look at stock performance in last active day trading, we see that stock has moved tanked -0.03% to end the day at $38.42. On average, analysts anticipate that Wells Fargo & Co will post $4.20 earnings per share for the current fiscal year. If you are viewing this report on another website, it was illegally copied and republished in violation of US and global copyright law. The original version of this news story can be read at [[permalink]]. Evercore ISI reiterated an "outperform" rating and issued a $64.00 price target on shares of Wells Fargo & Co in a research report on Tuesday.
In the duration of 12 months Wells Fargo & Company's share price has increased by 0% to 52.09 from 0.00. Wells Fargo & Co presently has an average rating of "Hold" and an average price target of $54.46. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. The company has managed to keep price to sales ratio of 3.83 against an industry average of 3.60. The stock was acquired at an average cost of $51.65 per share, for a total transaction of $2,014,350.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David M. Carroll sold 117,704 shares of the stock in a transaction dated Friday, March 3rd. They now have a United States dollars 64 price target on the stock. The disclosure for this sale can be found here.
Within the past few weeks, the OCC has removed its top Wells Fargo inspector from his duties monitoring the bank, a person familiar with the matter previously told CNNMoney.
EXFO Inc is a Canada-based company, which provides communications service providers and data center, cloud and Web-scale operators with field test, service assurance and analytics solutions to ensure the deployment, maintenance and management of physical, virtual, fixed and mobile networks. It has three operating divisions: Community Banking, Wholesale Banking, and Wealth and Investment Management.