Wells Fargo's good results could be tempered by $1bn settlement

Wells Fargo faces $1 billion fine to settle loan abuses

Wells Fargo faces $1 billion fine to settle loan abuses

Wells Fargo makes up 2.1% of Davis Rea Ltd.'s portfolio, making the stock its 22nd biggest holding. Westside Investment Management Inc. grew its position in Wells Fargo by 63.9% during the second quarter.

Should an earnings beat be delivered, JPMorgan's stock price could receive a lift to potentially challenge the area around the 50-day moving average - now at $113.22 - which might act as a barrier to the upside before late February's record high of $119.33 is eyed next.

Wells Fargo Global Dividend Opportunity (EOD) now has a 14-day Commodity Channel Index (CCI) of 179.54. World Asset Management Inc now owns 464,895 shares of the financial services provider's stock valued at $20,586,000 after buying an additional 1,270 shares during the period. Finally, New England Private Wealth Advisors LLC raised its holdings in Wells Fargo by 1.9% in the 2nd quarter. Company insiders own 0.09% of the company's stock. Wells Fargo accepted the sanctions and said they could reduce its profits by as much as $400 million this year. The stock was bought at an average price of $55.98 per share, with a total value of $503,820.00. The company has a market value of $260.76B and about 5.02B shares outstanding. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Caisse De Depot Et Placement Du Quebec owns 0.4% invested in Wells Fargo & Company (NYSE:WFC) for 2.89 million shares. According to these analysts, the Low Revenue Estimate for Wells Fargo & Company is 21.45 Billion and the High Revenue Estimate is 22.23 Billion. That exceeds last year's $5.46 billion ($1.03) in profit. The company's stock declined 16.98% with the market as Balyasny Asset Management Llc sold 1.31M shares.

Wells Fargo Global Dividend Opportunity (EOD)'s Williams Percent Range or 14 day Williams %R now sits at -23.08.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter. The company made Return on equity of 11.50% in last 12 months period. Susan Roth Katzke of Credit Suisse told clients that a quarter-over-quarter and year-over-year declines in revenue and weakness in mortgage banking would not be surprising.


In preliminary results reported Friday, Wells said it posted a first-quarter profit of $5.9 billion, up about 6 percent from $5.6 billion in the same quarter a year ago.

Stocks also added to their gains after Sen. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

WFC has been the topic of a number of research reports. Quantbot Techs Limited Partnership has invested 0.21% in Wells Fargo & Company (NYSE:WFC). BMO Capital Markets maintained it with "Hold" rating and $59.0 target in Thursday, January 4 report.

Some buy side analysts are also providing their Analysis on Wells Fargo & Company, where 4 analysts have rated the stock as Strong buy, 1 analysts have given a Buy signal, 4 said it's a HOLD, and 0 analysts rated the stock as Sell. When the price over the last 200 days is moving with increasing trend, look for buy opportunities and when it shows decreasing trend the price is below the last 200 days, look for sell opportunities.

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