UPDATE: Wells Fargo (WFC) Posts Q2 of $1.01, Inline with Views
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/22/2026
- Nasdaq hits intraday record high on Alphabet boost, Mideast negotiation hopes
- Exclusive: SB Energy Nasdaq IPO moving forward as planned
- AI and earnings keep driving markets as focus shifts to Trump-Xi summit
- Meta bull case increasingly playing out, Mizuho says
- Oil falls to two-week low as Gulf supply outlook improves
- Pennsylvania measles cases near 800 as outbreak grows
- A timeline of Trump administration moves to weaken endangered species protections
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
BMO Capital Cuts Price Target on Wells Fargo (WFC) to $50 Following EPS Miss
July 18, 2016 9:21 AM EDTBMO Capital reiterated an Underperform rating on Wells Fargo (NYSE: WFC), and cut the price target to $50.00 (from $52.00), following the company's 2Q earnings report. WFC reported EPS of $0.94, missing the consensus estimate of $1.01. BMO's Core EPS estimates for 2016 have been cut to $3.80 from $4.05.
Analyst... More
Fitch Positive on Wells Fargo (WFC) Following Q2 Report; Ratings Affirmed
July 15, 2016 2:43 PM EDTWells Fargo & Company (NYSE: WFC) reported $5.6 billion in net income, higher on linked-quarter basis, resulting in a return on assets (ROA) of 1.20%, and a return on equity (ROE) of 11.7%. Earnings reflected continued growth in spread income, stable credit costs, and lower noninterest expenses, according to Fitch Ratings. The quarter also included a $290 million gain on the sale of the health benefit services business, as part of the company's strategy to reduce non-core businesses, simplify the organization, and improve the risk profile. This follows last quarter's gain of $381 million on the sale of the crop insurance... More
