Wells Fargo (WFC) Given Daily News Impact Score of 0.12

News articles about Wells Fargo (NYSE:WFC) have trended somewhat positive on Saturday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wells Fargo earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.2712137462213 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment’s analysis:

How to Become a New Pot Stock Millionaire

Shares of WFC stock traded down $1.55 during trading on Friday, hitting $50.98. The company’s stock had a trading volume of 30,975,084 shares, compared to its average volume of 20,690,732. Wells Fargo has a one year low of $49.27 and a one year high of $66.31. The stock has a market cap of $256,228.41, a price-to-earnings ratio of 12.53, a PEG ratio of 1.37 and a beta of 1.08. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23.

Wells Fargo (NYSE:WFC) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.07). Wells Fargo had a return on equity of 12.24% and a net margin of 22.57%. The business had revenue of $22.05 billion for the quarter, compared to analysts’ expectations of $22.64 billion. During the same period in the prior year, the company earned $0.96 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. analysts forecast that Wells Fargo will post 4.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 2nd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, February 1st. Wells Fargo’s dividend payout ratio (DPR) is currently 38.33%.

Wells Fargo declared that its Board of Directors has authorized a stock repurchase program on Tuesday, January 23rd that permits the company to repurchase 350,000,000 outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

A number of equities research analysts recently issued reports on the company. Vetr raised Wells Fargo from a “sell” rating to a “hold” rating and set a $54.78 target price on the stock in a research note on Monday, February 12th. UBS set a $63.00 target price on Wells Fargo and gave the company a “hold” rating in a research note on Monday, February 5th. Vertical Group raised Wells Fargo from a “sell” rating to a “buy” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods lowered Wells Fargo from an “outperform” rating to a “market perform” rating and set a $63.00 target price on the stock. in a research note on Sunday, February 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $60.00 target price on shares of Wells Fargo in a research note on Monday, February 5th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Wells Fargo presently has a consensus rating of “Hold” and an average target price of $62.90.

In other news, Director Ronald Sargent bought 9,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $55.98 per share, with a total value of $503,820.00. Following the transaction, the director now owns 81 shares of the company’s stock, valued at approximately $4,534.38. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.tickerreport.com/banking-finance/3297490/wells-fargo-wfc-given-daily-news-impact-score-of-0-12.html.

Wells Fargo Company Profile

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

Insider Buying and Selling by Quarter for Wells Fargo (NYSE:WFC)

Receive News & Ratings for Wells Fargo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

COMSA [XEM] Hits Market Capitalization of $0.00
COMSA [XEM] Hits Market Capitalization of $0.00
Uniti Group Inc.  Receives Average Recommendation of “Hold” from Brokerages
Uniti Group Inc. Receives Average Recommendation of “Hold” from Brokerages
Mettler Toledo  Given Consensus Rating of “Hold” by Analysts
Mettler Toledo Given Consensus Rating of “Hold” by Analysts
Theresa May Coin Price Reaches $0.0044
Theresa May Coin Price Reaches $0.0044
AECOM  Expected to Announce Quarterly Sales of $4.78 Billion
AECOM Expected to Announce Quarterly Sales of $4.78 Billion
Litecoin Cash Trading Up 34.3% This Week
Litecoin Cash Trading Up 34.3% This Week


© 2006-2018 Ticker Report. Google+.