Wells Fargo & Company (WFC) Earns Daily News Impact Rating of 0.16
Media headlines about Wells Fargo & Company (NYSE:WFC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wells Fargo & Company earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.059561894834 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Short Interest in Wells Fargo & Company (WFC) Expands By 17.8% (americanbankingnews.com)
- Fed’s Quarles to recuse himself from Wells Fargo matters (WFC) (markets.businessinsider.com)
- UPDATE 1-Fed’s Quarles to recuse himself from Wells Fargo matters (WFC) (markets.businessinsider.com)
- Fed’s Quarles to Recuse Himself From Matters Involving Wells Fargo (wsj.com)
- Fed's Quarles recuses himself on Wells Fargo matters (finance.yahoo.com)
Wells Fargo & Company (NYSE WFC) traded up $0.65 during trading hours on Friday, reaching $59.87. The company’s stock had a trading volume of 36,043,545 shares, compared to its average volume of 20,802,504. Wells Fargo & Company has a twelve month low of $49.27 and a twelve month high of $60.65. 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 capitalization of $294,815.50, a price-to-earnings ratio of 14.46, a PEG ratio of 1.44 and a beta of 0.96.
Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.20). Wells Fargo & Company had a net margin of 22.00% and a return on equity of 12.59%. The company had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. During the same period in the prior year, the firm posted $1.03 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. equities analysts anticipate that Wells Fargo & Company will post 3.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 3rd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.61%. The ex-dividend date was Thursday, November 2nd. Wells Fargo & Company’s dividend payout ratio is presently 40.31%.
WFC has been the subject of a number of recent research reports. Vetr upgraded Wells Fargo & Company to a “strong-buy” rating in a research note on Thursday, September 7th. Goldman Sachs Group restated a “buy” rating on shares of Wells Fargo & Company in a research note on Wednesday, October 11th. Royal Bank of Canada restated a “buy” rating and issued a $60.00 price target on shares of Wells Fargo & Company in a research note on Wednesday, November 15th. Robert W. Baird restated a “buy” rating and issued a $58.00 price target on shares of Wells Fargo & Company in a research note on Tuesday, September 5th. Finally, Citigroup restated a “buy” rating and issued a $65.00 price target (up previously from $60.00) on shares of Wells Fargo & Company in a research note on Monday, October 9th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Wells Fargo & Company presently has a consensus rating of “Hold” and a consensus target price of $57.25.
In other Wells Fargo & Company news, insider John R. Shrewsberry sold 70,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $56.90, for a total transaction of $3,983,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Richard Levy sold 97,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was 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 have sold 184,482 shares of company stock valued at $10,471,050 in the last three months. 0.22% of the stock is currently owned by corporate insiders.
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Wells Fargo & Company 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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