Wells Fargo Q4 Profit Rises, Beats View; But Revenues Miss

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Wells Fargo earnings: $1.16 a share, vs $1.07 EPS estimate

Over the past four quarters, net interest margins for Bank of America and JPMorgan Chase have risen by 13 and 11 basis points, respectively, while Wells Fargo's margins haven't changed at all. The stock has a market cap of $310,510.00, a price-to-earnings ratio of 16.28, a PEG ratio of 1.72 and a beta of 0.96. Solar Capital Ltd. (NASDAQ:SLRC) has risen 18.52% since January 11, 2017 and is uptrending. 503,000 were reported by Columbus Hill Capital Mngmt Lp. (ADBE)'s stock rose 14.01%. The institutional investor held 6,539 shares of the major banks company at the end of 2017Q3, valued at $361,000, down from 17,954 at the end of the previous reported quarter. Edison International now has $20.47B valuation. The stock decreased 0.33% or $0.16 during the last trading session, reaching $48.41. The shares were sold at an average price of $56.47, for a total transaction of $5,477,590.00. It has outperformed by 41.94% the S&P500.

Investors sentiment decreased to 1.1 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. These holdings make up 80.84% of the company's outstanding shares. 117 funds opened positions while 547 raised stakes. Arrow reported 17,365 shares. Aristotle Capital Mngmt Limited Com holds 8,100 shares or 0% of its portfolio. The institutional investor owned 11,602 shares of the financial services provider's stock after purchasing an additional 3,100 shares during the period. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.20). Avalon Advsrs Ltd Liability Corporation has 2,000 shares. Security Natl Tru Company holds 30,098 shares or 0.55% of its portfolio. Tctc Com has 6,420 shares for 0.06% of their portfolio. Cibc Asset Management owns 38,310 shares for 0.01% of their portfolio. Pictet State Bank And Trust reported 137,096 shares. Missouri-based Scout Investments has invested 0.32% in DISH Network Corporation (NASDAQ:DISH). Brandywine Global Inv Limited Liability Corporation holds 4.37 million shares. Violich Cap Mgmt holds 0.47% or 30,925 shares.

Among 11 analysts covering Covanta (NYSE:CVA), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 71% are positive. The lowest target is $44 while the high is $75.0. Mellanox Tech had 43 analyst reports since July 23, 2015 according to SRatingsIntel. Stifel Nicolaus upgraded Covanta Holding Corporation (NYSE:CVA) on Thursday, February 18 to "Buy" rating. Sector Gamma As bought 26,200 shares as the company's stock declined 13.45% while stock markets rallied. Atlantic Securities raised shares of Wells Fargo & Co from an "underweight" rating to a "neutral" rating in a research report on Wednesday. The firm earned "Buy" rating on Monday, October 9 by Citigroup. The stock has "Outperform" rating by Credit Suisse on Friday, March 24. RBC Capital Markets maintained it with "Buy" rating and $6000 target in Thursday, June 22 report. The company was maintained on Friday, August 11 by Jefferies.

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Since August 28, 2017, it had 0 insider buys, and 4 sales for $67,480 activity. The insider WARNOCK JOHN E sold $1.18 million. Therefore 47% are positive. After $1.04 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth. The firm has "Neutral" rating given on Wednesday, April 6 by Guggenheim. As per Friday, July 28, the company rating was maintained by Piper Jaffray. The rating was maintained by Wunderlich with "Sell" on Wednesday, September 9. The company was upgraded on Wednesday, January 3 by Bernstein. The rating was upgraded by Evercore to "Buy" on Tuesday, September 8.

The quarter included a $3.35 billion one-time boost from writing down its deferred tax liabilities to reflect the new US corporate tax rates. WFC's profit will be $5.12B for 15.17 P/E if the $1.04 EPS becomes a reality.

Investors sentiment decreased to 0.73 in Q3 2017. Its up 0.25, from 0.88 in 2017Q2. It fall, as 92 investors sold WFC shares while 725 reduced holdings.

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Berkshire Hathaway Inc decreased Wells Fargo & Co New (WFC) stake by 0.8% reported in 2017Q3 SEC filing. Dupont Capital Mgmt reported 243,924 shares.

Wells Fargo & Company (NYSE:WFC) shares were trading higher by 1.38 percent ($0.86) at $63.12 a piece in Wednesday's session. Macquarie Research maintained Wells Fargo & Company (NYSE:WFC) on Friday, September 25 with "Underperform" rating. Alphamark Advisors Ltd Company owns 156 shares. (NASDAQ:BIIB). Amundi Pioneer Asset holds 46,690 shares or 0.05% of its portfolio. Gamco Investors Et Al holds 1.06% or 3.10M shares in its portfolio. Voloridge Invest Management Lc, Florida-based fund reported 78,218 shares. Capwealth Llc holds 13,400 shares. Patriot Financial Group Insurance Agency LLC lifted its position in Wells Fargo & Co by 0.3% during the second quarter. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91.

Wells Fargo & Company (WFC) has a market cap of $312.36 billion and over the last 12 months, Wells Fargo & Company (NYSE:WFC) has gone stronger by 15.56%. The firm owned 106,440 shares of the financial services provider's stock after acquiring an additional 14,634 shares during the quarter.

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