Wells Fargo (NYSE:WFC) has been downgraded from Buy to Hold in a statement by Jefferies earlier today.
- Updated: November 28, 2016
Jefferies has downgraded Wells Fargo (NYSE:WFC) from Buy to Hold in a statement released on 11/28/2016.
Having a price of $52.62, Wells Fargo (NYSE:WFC) traded -1.46% lower on the day. With the last stock price up 8.32% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. WFC has recorded a 50-day average of $47.64 and a two hundred day average of $47.87. Trade Volume was down over the average, with 14,403,695 shares of WFC changing hands under the typical 31,809,700
Recent Performance Chart
Wells Fargo has PE ratio of 12.87 with a one year low of $43.55 and a one year high of $56.24 and has a market capitalization of $0.
A total of 29 brokerages have issued a ratings update on Wells Fargo. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $55.14.
General Company Details For Wells Fargo (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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