Wells Fargo Reports $5.7 Billion in Quarterly Net Income; Diluted EPS of $1.03
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Go back to Wells Fargo Reports $5.7 Billion in Quarterly Net Income; Diluted EPS of $1.03
January 19, 2016 8:04 AM EST
Compass Point maintained a Neutral rating on Wells Fargo (NYSE: WFC), and cut the price target to $54.00 (from $55.00), following the company's 4Q earnings. WFC reported EPS of $1.03, which was above the consensus estimate of $1.02. The price target reduction comes as Compass Point increases it's outlook for provision expense. WFC saw an uptick in credit related costs due to an increase in oil & gas related charge-offs during 4Q, while management warned of the potential... More
January 19, 2016 7:31 AM EST
While many other analysts are rushing out to defend Wells Fargo (NYSE: WFC), Piper Jaffray analyst, Kevin Barker, stands out with a contrarian call, reiterating his Neutral rating, cutting his price target and stating that consensus needs to come down.
The decline in forward... More
January 15, 2016 8:01 AM EST
Wells Fargo (NYSE: WFC) reported Q4 EPS of $1.03, $0.01 better than the analyst estimate of $1.02. Revenue was $21.6 billion versus the consensus of $21.8 billion.
Net income of $5.7 billion, stable compared with fourth quarter 2014Diluted EPS of $1.03, up 1 percentRevenue of $21.6 billion, up 1 percentPre-tax pre-provision profit1 of $9.2 billion, up 4 percentROA of 1.27 percent and ROE of 12.23 percentTotal average loans of $912.3 billion, up $62.9 billion, or 7 percentTotal average deposits of $1.2 trillion, up $67.0...
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