Raymond James Financial Inc. downgraded Wells Fargo & Co (NYSE:WFC) to Underperform in a report released today.
- Updated: October 4, 2016
Boasting a price of $43.83, Wells Fargo & Co (NYSE:WFC) traded 0.05% higher on the day. With the last close down -9.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Wells Fargo & Co has recorded a 50-day average of $47.62 and a two hundred day average of $48.34. Volume of trade was down over the average, with 13,570,935 shares of WFC changing hands under the typical 23,273,300
Raymond James Financial Inc. has downgraded Wells Fargo & Co (NYSE:WFC) to Underperform in a statement released on Tuesday October 04, 2016.
With a total market value of $0, Wells Fargo & Co has price-earnings ratio of 10.83 with a one year low of $43.55 and a one year high of $56.34 .
A total of 29 analysts have released a research note on WFC. 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 one year target of $55.14.
More About Wells Fargo & Co (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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