Wells Fargo Reports $5.6 Billion in Quarterly Net Income
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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.
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