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Wells Fargo & Co (NYSE:WFC) stock price target reduced to $48.00, issued a research note today by JPMorgan Chase & Co.

In a statement issued on 09/21/2016 JPMorgan Chase & Co. dropped the target of Wells Fargo & Co (NYSE:WFC) from $53.50 to $48.00 indicating a possible upside of 0.03%.

Just yesterday Wells Fargo & Co (NYSE:WFC) traded 1.06% higher at $46.45. Wells Fargo & Co’s 50-day moving average is $48.48 and its 200-day moving average is $48.66. The last stock price is down -4.43% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 14,026,285 shares of WFC traded hands, down from an average trading volume of 20,672,200

Recent Performance Chart

Wells Fargo & Co (NYSE:WFC)

Wells Fargo & Co has 52 week low of $44.50 and a 52 week high of $56.34 with a PE ratio of 11.4800 and has a market capitalization of $0.

In addition to JPMorgan Chase & Co. reporting its stock price target, a total of 29 brokerages have issued a ratings update on the company. The average stock price target is $55.14 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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