Wells Fargo (WFC) Tops Q3 EPS Views, But Investors Weary on Easing Mortgage Activity
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Compass Point Downgrades Wells Fargo (WFC) to Neutral; 'Can't Fight the Fed'
October 15, 2012 7:39 AM EDTCompass Point downgraded Wells Fargo (NYSE: WFC) from Buy to Neutral with a price target of $37.00 (from $41.00) following Q3 results.
The firm comments: "It has become apparent that the company will have a difficult time showing meaningful earnings growth in the next year due to: (1) interest rates at historic lows, (2) 13% of the loan portfolio in run-off... More
Notable ETF Movers of the Day 10/12: (IYT) Higher; (XME) (XLF) Lower
October 12, 2012 11:44 AM EDTGainers:
iShares Dow Jones Transportation Average (NYSE: IYT) gained 0.5 percent to 89.25. JB Hunt (Nasdaq: JBHT) reported earnings today, and investors liked what they saw. Share of... More
Wells Fargo & Co. (WFC) Tops Q3 EPS by 1c
October 12, 2012 8:00 AM EDTWells Fargo & Co. (NYSE: WFC) reported Q3 EPS of $0.88, $0.01 better than the analyst estimate of $0.87. Revenue for the quarter came in at $21.2 billion versus the consensus estimate of $21.47 billion.
For earnings history and earnings-related data on Wells Fargo & Co. (WFC) click here.... More
