Wells Fargo & Co (NYSE:WFC) has been downgraded to Market Perform in a statement by Keefe, Bruyette & Woods earlier today.
- Updated: October 16, 2016
Keefe, Bruyette & Woods has downgraded Wells Fargo & Co (NYSE:WFC) to Market Perform in a report released on Monday October 17, 2016.
Previously on 10/04/2016, Vetr Inc. reported about Wells Fargo & Co (NYSE:WFC) raised the target price from $0.00 to $44.75. At the time, this indicated a possible upside of 0.02%.
Yesterday Wells Fargo & Co (NYSE:WFC) traded -0.07% lower at $44.71. The company’s 50-day moving average is $46.72 and its 200-day moving average is $48.06. The last stock close price is down -7.04% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,514,412 shares of Wells Fargo & Co exchanged hands, down from an avg. volume of 25,314,500
With a total market value of $0, Wells Fargo & Co has price-earnings ratio of 11.03 with a one year low of $43.55 and a one year high of $56.34 .
A total of 29 equity analysts have released a ratings update on WFC. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $55.14.
Brief Synopsis 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.