Financial News

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

[Business Wire] – Wells Fargo & Company , NeighborWorks America® and its network member NHSIE, today announced the upcoming San Diego County NeighborhoodLIFT® program with a $5 million commitment by Wells Fargo to help boost local homeownership. Read more on this. Wells Fargo & Company (WFC) , currently valued at $229.96B, opened at $44.93. Today’s price range has been between $44.50 and $45.53 per share with a one year range of $44.50 to $58.77. WFC shares are currently priced at 10.84x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 14.26x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.50 per share annually in dividends, yielding 3.13%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $1.00 per share, which would be $0.04 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $4.29, which would be a $0.14 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $21.70 Billion. If realized, that would be a 1.97% increase over the year-ago quarter. In terms of ratings, Susquehanna upgraded WFC from Neutral to Positive (Jan 20, 2016). Previously, Keefe Bruyette upgraded WFC from Mkt Perform to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $57.73, which is 28.49% above where the stock opened this morning. See more in (NYSE:WFC) Similar Articles: Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Commits $5 Million to Boost Maricopa Homeownership 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 HomeLIFT Program to Help Detroit, Five Wayne County Cities
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