Wells Fargo & Co. (NYSE:WFC) is scheduled to post its Q316 quarterly earnings results on Friday, October 14th. Analysts expect Wells Fargo & Co. to post earnings of $1.01 per share and revenue of $9.44 billion for the quarter.

Wells Fargo & Co. (NYSE:WFC) last issued its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.01. Wells Fargo & Co. had a return on equity of 12.95% and a net margin of 24.33%. The business earned $22.20 billion during the quarter. During the same quarter last year, the firm posted $1.03 earnings per share. Wells Fargo & Co.’s revenue was up 4.0% compared to the same quarter last year. On average, analysts expect Wells Fargo & Co. to post $4.02 EPS for the current fiscal year and $4.15 EPS for the next fiscal year.

Earnings History for Wells Fargo & Co. (NYSE:WFC)

Shares of Wells Fargo & Co. (NYSE:WFC) opened at 45.32 on Thursday. The stock has a 50 day moving average price of $46.94 and a 200-day moving average price of $48.11. The company has a market capitalization of $228.66 billion, a P/E ratio of 11.19 and a beta of 0.91. Wells Fargo & Co. has a one year low of $43.55 and a one year high of $56.34.

In other news, COO Timothy J. Sloan sold 20,500 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $48.92, for a total transaction of $1,002,860.00. Following the completion of the sale, the chief operating officer now owns 650,815 shares in the company, valued at approximately $31,837,869.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the company. Cedar Wealth Management LLC raised its stake in shares of Wells Fargo & Co. by 47.8% in the second quarter. Cedar Wealth Management LLC now owns 3,276 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,059 shares during the last quarter. Lipe & Dalton raised its stake in shares of Wells Fargo & Co. by 11.5% in the second quarter. Lipe & Dalton now owns 4,120 shares of the financial services provider’s stock valued at $195,000 after buying an additional 425 shares during the last quarter. RBO & Co. LLC bought a new stake in shares of Wells Fargo & Co. during the second quarter valued at about $203,000. Acadia Trust NA raised its stake in shares of Wells Fargo & Co. by 2.7% in the second quarter. Acadia Trust NA now owns 4,315 shares of the financial services provider’s stock valued at $204,000 after buying an additional 114 shares during the last quarter. Finally, Horizon Investments LLC raised its stake in shares of Wells Fargo & Co. by 3.4% in the second quarter. Horizon Investments LLC now owns 4,340 shares of the financial services provider’s stock valued at $205,000 after buying an additional 142 shares during the last quarter. Institutional investors own 73.98% of the company’s stock.

A number of brokerages have recently issued reports on WFC. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Wells Fargo & Co. in a report on Wednesday, August 31st. Vetr cut Wells Fargo & Co. from a “hold” rating to a “sell” rating and set a $46.32 price objective for the company. in a report on Tuesday, August 30th. Zacks Investment Research upgraded Wells Fargo & Co. from a “sell” rating to a “hold” rating in a report on Monday, September 5th. Sandler O’Neill restated a “hold” rating on shares of Wells Fargo & Co. in a report on Friday, September 9th. Finally, Rafferty Capital Markets cut Wells Fargo & Co. from a “hold” rating to a “sell” rating and set a $44.00 price objective for the company. in a report on Friday, September 9th. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $50.41.

Wells Fargo & Co. Company Profile

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

5 Day Chart for NYSE:WFC

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