Wells Fargo & (WFC) Receives Media Sentiment Rating of 0.08
Media stories about Wells Fargo & (NYSE:WFC) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wells Fargo & earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.2574939546902 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 stories that may have impacted Accern’s scoring:
- BRIEF-Wells Fargo says Consumer Lending head Franklin Codel dismissed (businessinsider.com)
- Wells Fargo fires consumer lending chief Codel (seekingalpha.com)
- Wells Fargo dismisses head of consumer lending (autonews.com)
- Wells Fargo (WFC) Says Franklin Codel, Senior Executive VP and Head of Consumer Lending, has Been Dismissed (streetinsider.com)
- Wells Fargo Just Can’t Get Out of Its Own Way (barrons.com)
Wells Fargo & (NYSE:WFC) traded down $0.45 on Friday, reaching $54.15. The company’s stock had a trading volume of 14,944,812 shares, compared to its average volume of 17,498,940. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91. The stock has a market capitalization of $266,648.75, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97. Wells Fargo & has a one year low of $49.27 and a one year high of $59.99.
Wells Fargo & (NYSE:WFC) last posted its earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.20). The firm had revenue of $21.93 billion for the quarter, compared to analysts’ expectations of $22.30 billion. Wells Fargo & had a return on equity of 12.59% and a net margin of 22.00%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 earnings per share. equities analysts anticipate that Wells Fargo & will post 3.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 2.88%. Wells Fargo &’s payout ratio is 40.31%.
Several equities research analysts have recently weighed in on WFC shares. Vetr raised Wells Fargo & to a “strong-buy” rating in a research report on Thursday, September 7th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Wells Fargo & in a research report on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Wells Fargo & in a research report on Wednesday, October 11th. Robert W. Baird reissued a “buy” rating and set a $58.00 target price on shares of Wells Fargo & in a research report on Tuesday, September 5th. Finally, Citigroup Inc. reissued a “buy” rating and set a $65.00 target price (up previously from $60.00) on shares of Wells Fargo & in a research report on Monday, October 9th. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $57.20.
Wells Fargo & Company Profile
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.
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