Wells Fargo & Co (WFC) Getting Somewhat Positive News Coverage, InfoTrie Reports

Share on StockTwits

News articles about Wells Fargo & Co (NYSE:WFC) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Wells Fargo & Co earned a news impact score of 1.88 on their scale. InfoTrie also gave media coverage about the financial services provider an news buzz score of 5 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the near future.

These are some of the news articles that may have impacted Wells Fargo & Co’s ranking:

Shares of Wells Fargo & Co stock opened at $47.87 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.87 and a quick ratio of 0.86. Wells Fargo & Co has a 1-year low of $43.02 and a 1-year high of $66.31. The stock has a market cap of $233.16 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.04). Wells Fargo & Co had a return on equity of 12.69% and a net margin of 23.17%. The business had revenue of $21.94 billion for the quarter, compared to analyst estimates of $21.90 billion. On average, sell-side analysts forecast that Wells Fargo & Co will post 4.49 earnings per share for the current year.

Wells Fargo & Co announced that its Board of Directors has authorized a share buyback program on Tuesday, October 23rd that allows the company to buyback 350,000,000 shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

A number of research analysts have recently commented on WFC shares. Edward Jones upgraded Wells Fargo & Co from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Macquarie dropped their price target on Wells Fargo & Co from $63.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, September 17th. UBS Group set a $63.00 price target on Wells Fargo & Co and gave the company a “buy” rating in a research note on Friday, September 28th. Citigroup upgraded Wells Fargo & Co from a “neutral” rating to a “buy” rating in a research note on Friday, November 2nd. Finally, Zacks Investment Research downgraded Wells Fargo & Co from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $61.93.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Zolmax and is the sole property of of Zolmax. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://zolmax.com/investing/wells-fargo-co-wfc-getting-somewhat-positive-news-coverage-infotrie-reports/2821636.html.

About Wells Fargo & Co

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

Featured Article: Consumer Price Index (CPI)

Insider Buying and Selling by Quarter for Wells Fargo & Co (NYSE:WFC)

Receive News & Ratings for Wells Fargo & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Co and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Village Farms International  Trading 20.4% Higher
Village Farms International Trading 20.4% Higher
Enablence Technologies  Trading Down 16.7%
Enablence Technologies Trading Down 16.7%
Q4 2019 EPS Estimates for Citizens Financial Group Inc  Lowered by Wedbush
Q4 2019 EPS Estimates for Citizens Financial Group Inc Lowered by Wedbush
Wynn Resorts, Limited Expected to Post FY2020 Earnings of $7.70 Per Share
Wynn Resorts, Limited Expected to Post FY2020 Earnings of $7.70 Per Share
UBS Group Reaffirms Buy Rating for Puma AG Rudolf Dassler Sport
UBS Group Reaffirms Buy Rating for Puma AG Rudolf Dassler Sport
Trevali Mining  Price Target Lowered to C$0.60 at National Bank Financial
Trevali Mining Price Target Lowered to C$0.60 at National Bank Financial


Leave a Reply

 
© 2006-2019 Zolmax.