In Wednesday’s Wall Street session, Wells Fargo & Co (NYSE:WFC) shares traded at $80.35, down -0.53% from the previous session.
WFC stock price is now 7.45% away from the 50-day moving average and 25.32% away from the 200-day moving average. The market capitalization of the company currently stands at $264.26B.
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With the price target maintained at $65, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Wells Fargo & Co (NYSE: WFC). On September 06, 2024, Evercore ISI reiterated its ‘Outperform’ rating on the stock by increasing its target price from $67 to quote $65, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, Williams Ather III, Sr. Executive Vice President sold 60,000 shares of the company’s stock on Oct 16 ’24. The stock was sold for $3,822,000 at an average price of $63.70. Upon completion of the transaction, the Sr. Executive Vice President now directly owns 163,610 shares in the company, valued at $13.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16 ’24, Director Williams Ather III bought 60,000 shares of the business’s stock. A total of $3,822,000 was incurred on buying the stock at an average price of $63.70. A total of 0.19% of the company’s stock is owned by insiders.
During the past 12 months, Wells Fargo & Co has had a low of $50.15 and a high of $81.50.
The net profit margin was 14.76% and return on equity was 10.81% for WFC. The company reported revenue of $22.05 billion for the quarter, compared to $22.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.43 percent.
