Wells Fargo Reports $5.6 Billion in Quarterly Net Income
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Nasdaq futures drop over 2% on concerns over AI buildout costs, Fed rate outlook
- Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
- Oil steady as investors focus on Hormuz flows after peace talks
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- SpaceX slides, tech stocks dip — what’s moving markets
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Evercore Affirms Wells Fargo (WFC) at 'But'; Q3 Results Solid, Bolstered by Credit; Sales Practice Remains in Focus
October 14, 2016 10:28 AM EDTEvercore ISI affirms Wells Fargo & Co. (NYSE: WFC) at Buy with a price target of $51 following Q3 results released earlier.
Analyst John Pancari and his team noted today:
3Q results overshadowed by sales practice issue; results mixed. WFC reported 3Q16 EPS of $1.03. Ex sec gains, we peg core EPS at $1.02, which compares to our est of $0.98 and cons of $1.01. Upside to our est was mainly driven by lower LLP (+0.06) and lower share count (+$0.01), partly offset by higher expenses... More