Wells Fargo & Co. (NYSE:WFC) shares traded -0.81% lower at $56.26 on Wall Street last session.
WFC stock price is now -2.05% away from the 50-day moving average and 3.83% away from the 200-day moving average. The market capitalization of the company currently stands at $191.50B.
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With the price target maintained at $64, Compass Point recently Downgraded its rating from Buy to Neutral for Wells Fargo & Co. (NYSE: WFC). On March 27, 2024, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock increasing its target price from $56 to quote $62, while ‘Odeon’ rates the stock as ‘Hold’
In other news, DAVIS RICHARD K, Director bought 3,500 shares of the company’s stock on Nov 09 ’23. The stock was bought for $144,270 at an average price of $41.22. Upon completion of the transaction, the Director now directly owns 4,244 shares in the company, valued at $0.24 million. A total of 0.15% of the company’s stock is owned by insiders.
During the past 12 months, Wells Fargo & Co. has had a low of $38.38 and a high of $62.55. According to the stock market information, the enterprise value for the company is $140656852992, which is based on a 11.54 price-to-earnings ratio, a 1.37 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for WFC is $57.4156 and a two-hundred day moving average price translates $54.26235 for the stock.
The latest earnings results from Wells Fargo & Co. (NYSE: WFC) was released for 2024-06-30. The net profit margin was 14.31% and return on equity was 10.51% for WFC. The company reported revenue of $22.88 billion for the quarter, compared to $20.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.86 percent.
