Wells Fargo & Co Stock Dips on Q4 Earnings Miss

  • Wells Fargo & Co Stock Dips on Q4 Earnings Miss

Wells Fargo & Co Stock Dips on Q4 Earnings Miss

Wells Fargo says its fourth-quarter earnings rose 17 percent from a year ago, as the consumer banking giant benefited from the recently passed GOP tax bill, but incurred additional costs related to improper sales practices and other matters. Wells Fargo & Co has a 1 year low of $49.27 and a 1 year high of $63.67. About 22.07M shares traded or 17.02% up from the average. It has underperformed by 7.03% the S&P500. Its down 0.15, from 0.88 in 2017Q2. 63 funds opened positions while 159 raised stakes. 206.38 million shares or 1.05% more from 204.24 million shares in 2017Q2 were reported. Plante Moran Financial Advisors Lc reported 417 shares stake.

Shares of JPMorgan rose 1.1 percent to $112.07 percent to 110.70, while Wells Fargo dropped 0.5 percent to $62.71 in morning trading. Company insiders own 0.22% of the company's stock. Pictet Asset Management holds 0.28% or 682,000 shares in its portfolio. Moreover, Rhumbline Advisers has 0.1% invested in Autodesk, Inc. Lincluden Mgmt Limited holds 219,105 shares or 0.94% of its portfolio. Fmr Limited Liability holds 0.53% or 24.12 million shares. Pennsylvania Tru Communication accumulated 186,740 shares. (NASDAQ:ADSK). Zurcher Kantonalbank (Zurich Cantonalbank) has 0.13% invested in Autodesk, Inc. (NASDAQ:COMM) or 6,187 shares. Cap Interest has 20.17M shares. Maplelane Capital Lc holds 0.06% or 18,000 shares in its portfolio. New Jersey Better Educational Savings Trust accumulated 31,000 shares. After having $-0.10 EPS previously, Mattersight Corporation's analysts see 0.00% EPS growth. Moors Cabot stated it has 1,185 shares. Therefore 71% are positive. Mattersight had 3 analyst reports since November 5, 2015 according to SRatingsIntel. On Tuesday, December 8 the stock rating was maintained by Piper Jaffray with "Overweight". The firm earned "Outperform" rating on Wednesday, April 12 by Evercore. The company was maintained on Tuesday, July 19 by BTIG Research. Canaccord Genuity has "Hold" rating and $24 target. On Friday, September 15 the stock rating was maintained by Jefferies with "Hold". The stock of SPX FLOW, Inc. The firm has "Sell" rating given on Tuesday, August 8 by Raymond James. Peel Hunt has "Buy" rating and GBX 850 target.

Among 52 analysts covering Palo Alto Networks (NYSE:PANW), 41 have Buy rating, 2 Sell and 9 Hold. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider's stock worth $127,000 after purchasing an additional 891 shares during the last quarter. Wells Fargo & Co New now has $310.28B valuation.

Analysts await Artisan Partners Asset Management Inc. JPMorgan share earnings totalled $22bn, meaning shares were $1.76 each. About 458,738 shares traded. $191,200 worth of Netflix, Inc. (NASDAQ:NFLX) on Thursday, January 4.

Investors sentiment decreased to 0.73 in 2017 Q3. 30 funds opened positions while 78 raised stakes. Tukman Grossman Mngmt owns 161,536 shares. Capital Research Investors has 3.02M shares for 0.04% of their portfolio. Willis Counsel holds 1.66% or 418,124 shares in its portfolio. (NASDAQ:COMM). Nordea Investment holds 0% in CommScope Holding Company, Inc. 45,061 are held by Mrj Cap. Fincl Counselors holds 0.09% or 32,174 shares in its portfolio. 6,987 are held by Royal State Bank Of Canada. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.89.

Stoneridge Investment Partners LLC trimmed its position in shares of Wells Fargo & Co (NYSE:WFC) by 5.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. In order to determine directional movement, the 50-day and 200-day moving averages for Wells Fargo & Company (NYSE:WFC) are $59.44 and $55.17. Therefore 47% are positive. Goldman Sachs Group reaffirmed a "buy" rating on shares of Wells Fargo & Co in a report on Wednesday, October 11th. The stock of Wells Fargo & Company (NYSE:WFC) earned "Outperform" rating by FBR Capital on Tuesday, September 27. Morgan Stanley initiated it with "Equal-Weight" rating and $38 target in Wednesday, November 25 report. On Thursday, December 1 the stock rating was downgraded by Susquehanna to "Neutral". The firm has "Buy" rating by Nomura given on Thursday, September 28.

TRADEMARK VIOLATION WARNING: "Wells Fargo & Co (NYSE:WFC) is FineMark National Bank & Trust's 9th Largest Position" was first posted by Week Herald and is the property of of Week Herald. The rating was maintained by Vining Sparks with "Strong-Buy" on Friday, April 28.