Evercore Partners Said Wells Fargo (WFC) Posted "Core" Q4 Miss
Evercore Partners gave an early read of Wells Fargo's (NYSE: WFC) fourth quarter results this morning, noting a "core" EPS miss at $0.81/share.
"WFC reported $0.91 which included several specials that net added $0.10/shr. Thus, our initial view of core EPS is closer to $0.81, which missed our and recently lowered consensus est of $0.87/shr," analyst Andrew Marquardt noted.
The firm maintained an Equal Weight rating and price target of $37 buy said the stock reaction will likely negative on the "core" miss.
For an analyst ratings summary and ratings history on Wells Fargo click here. For more ratings news on Wells Fargo click here.
Shares of Wells Fargo are down 1.6% to $34.82.
"WFC reported $0.91 which included several specials that net added $0.10/shr. Thus, our initial view of core EPS is closer to $0.81, which missed our and recently lowered consensus est of $0.87/shr," analyst Andrew Marquardt noted.
The firm maintained an Equal Weight rating and price target of $37 buy said the stock reaction will likely negative on the "core" miss.
For an analyst ratings summary and ratings history on Wells Fargo click here. For more ratings news on Wells Fargo click here.
Shares of Wells Fargo are down 1.6% to $34.82.