Wells Fargo & Co (NYSE:WFC) has been downgraded to Neutral in a report by Susquehanna today.
- Updated: December 1, 2016
Only yesterday Wells Fargo & Co (NYSE:WFC) traded 2.68% higher at $52.87. Wells Fargo & Co’s 50-day moving average is $48.47 and its 200-day average is $47.97. With the last close up 13.27% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. Trade Volume was up over the average, with 35,623,052 shares of WFC changing hands over the typical 32,338,900
Susquehanna has downgraded Wells Fargo & Co (NYSE:WFC) to Neutral in a report released on 12/1/2016.
Recent Performance Chart
Wells Fargo & Co has price-earnings ratio of 13.48 with a one year low of $43.55 and a one year high of $56.24 and has a total market value of $0.
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.
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