Jefferies & Co downgraded Wells Fargo & Company (NYSE:WFC) from Buy to Hold in a report released today.
- Updated: November 28, 2016
Yesterday Wells Fargo & Company (NYSE:WFC) traded -1.46% lower at $51.72. The company’s 50-day moving average is $47.64 and its 200-day moving average is $47.87. The last closing price is up 8.32% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 14,403,695 shares of the stock traded hands, down from an avg. volume of 31,809,700
Jefferies & Co has downgraded Wells Fargo & Company (NYSE:WFC) from Buy to Hold in a report released on Monday November 28, 2016.
With a total market value of $0, Wells Fargo & Company has price-earnings ratio of 12.87 with a one year low of $43.55 and a one year high of $56.24 .
A total of 29 analysts have released a report on Wells Fargo & Company. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $55.14.
More About Wells Fargo & Company (NYSE:WFC)
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. Its Community Banking segment offers financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. Its Wholesale Banking segment provides financial solutions to businesses across the United States and globally. Its Wealth and Investment Management segment provides a range of personalized wealth management, investment, and retirement products and services to clients across the United States-based businesses. It operates through over 8,700 locations and approximately 13,000 automated teller machines.
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