Wells Fargo (WFC) Tops Q4 EPS by 1c
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Compass Point Sees Potential Increase in Provision Expenses for Wells Fargo (WFC) - Cuts PT to $54
January 19, 2016 8:04 AM ESTCompass 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
Wells Fargo (WFC) Estimates, PT Trimmed at Piper Jaffray on Increased Provisions
January 19, 2016 7:31 AM ESTWhile 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
