[Business Wire] – Wells Fargo Bank, N.A., said today it is increasing its prime rate to 3.50 percent from 3.25 percent, effective tomorrow, Dec. 17, 2015. Read more on this. Wells Fargo & Company (WFC) , with a current value of $281.70B, opened at $55.22. Today’s price range has been between $54.81 and $55.86 per share with the price of the stock fluctuating between $47.75 to $58.77 over the last 52 weeks. WFC shares are currently priced at 13.23x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.96x earnings multiple. The company pays shareholders $1.50 per share annually in dividends, yielding 2.81%. According to a consensus of 30 analysts, the earnings estimate of $1.03 per share would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.15 would be a $0.05 improvement when compared to the previous year’s annual results. 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. More recently, Sandler O’Neill upgraded WFC from Hold to Buy (Sep 2, 2015). Previously, Guggenheim upgraded WFC from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $58.55, which is 6.03% above than it opened this morning. See more in (NYSE:WFC) Similar Articles: Company Update: Wells Fargo & Co (NYSE:WFC) – American Red Cross: ‘Thank You’ to Wells Fargo Customers Who Donated $300,000 for California Wildfire Relief Through Bank’s ATM Network Stock Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Eyes Metro Park for New Commercial Hub in Central NJ Stock Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Names Perry Pelos to Oversee Commercial, Corporate & Treasury Management