Financial News

Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Commits $5 Million to Boost Maricopa Homeownership

[Business Wire] – Wells Fargo & Company , NeighborWorks America® and its network member Trellis, today announced the Wells Fargo NeighborhoodLIFT® program will expand to Maricopa County with a $5 million commitment by Wells Fargo to help boost local homeownership. Read more on this. Wells Fargo & Company (WFC) , with a current market cap of $280.88B, opened at $53.83. Shares have traded today between $53.79 and $54.99 per share with a one year range of $47.75 to $58.77. WFC shares are currently priced at 12.82x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.96x forward p/e ratio. The company pays shareholders $1.50 per share in dividend income per year, for a current yield of 2.81%. Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $1.03 per share, which would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $4.15 which would be a $0.05 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $21.83 Billion. If realized, that would be a 1.82% increase over the year-ago quarter. Recently, Sandler O’Neill upgraded WFC from Hold to Buy (Sep 2, 2015). Previously, Guggenheim upgraded WFC from Neutral to Buy. The average price target for WFC shares by the analysts covering the stock is $58.55, which is 8.77% above where the stock opened this morning. See more in (NYSE:WFC) Similar Articles: Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Brings $341 Million in ‘Oscar® Bonds’ to Market for New Academy Museum of Motion Pictures Stock Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo $1 Million Grant to Strengthen Rural Communities Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo/Gallup Survey: Majority of Investors Continue to Believe American Dream is Achievable
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