Wells Fargo & Company (NYSE:WFC) has been downgraded from Overweight to Neutral in a statement by JP Morgan earlier today.
- Updated: September 21, 2016
JP Morgan has downgraded Wells Fargo & Company (NYSE:WFC) from Overweight to Neutral in a statement released on 09/21/2016.
Boasting a price of $45.62, Wells Fargo & Company (NYSE:WFC) traded -1.57% lower on the day. With the last stock price close down -5.76% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Wells Fargo & Company has recorded a 50-day average of $48.44 and a two hundred day average of $48.63. Volume of trade was up over the average, with 64,494,886 shares of WFC changing hands over the typical 21,171,700
With a total market value of $0, Wells Fargo & Company has price-earnings ratio of 11.32 with a one year low of $44.50 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 & 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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