Wells Fargo & Co. (NYSE:WFC) shares traded 1.91% higher at $53.79 on Wall Street last session.
WFC stock price is now -5.00% away from the 50-day moving average and -2.31% away from the 200-day moving average. The market capitalization of the company currently stands at $183.09B.
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With the price target reduced from $67 to $65, Evercore ISI maintained Outperform rating for Wells Fargo & Co. (NYSE: WFC). On September 03, 2024, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $65, while ‘Compass Point’ rates the stock as ‘Neutral’
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 $0.23 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 $130683797504, which is based on a 11.04 price-to-earnings ratio, a 1.31 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for WFC is $56.5042 and a two-hundred day moving average price translates $55.11585 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.
