Loan growth stalls despite profit, trading gains at some U.S. banks
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Wells Fargo (WFC) PT Lowered to $64 at Instinet Following 1Q
April 17, 2017 8:11 AM EDTInstinet lowered its price target on Wells Fargo (NYSE: WFC) to $64.00 (from $65.00) while maintaining a Buy rating following the company's 1Q report.
WFC reported 1Q17 EPS of $1.00. Excluding a discrete tax benefit of $0.04, core EPS came in at $0.96 vs. consensus of $0.96.
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