Wells Fargo (WFC) elevated volatility expected to adjust on Q3 and outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- 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