[Reuters] – Wells Fargo continues to face federal and state mortgage probes, even after the $1.2 billion settlement it reached in early February to resolve claims of misconduct related to mortgages insured by the Federal Housing Administration. In the bank’s 10-K filing in 2014, it had referred to “government agencies,” instead of the reference to “federal and state government agencies” in the latest filing. Wells Fargo said in a filing earlier this month it had reached an agreement in principle to pay $1.2 billion to resolve a 2012 lawsuit brought by the office of Manhattan U.S. Attorney Preet Bharara, an arm of the Justice Department. Read more on this. Wells Fargo & Company (WFC) , currently valued at $242.33B, started the session at $47.34. Looking at today’s market, WFC one day range is $46.56 to $47.68 and has traded between $44.50 and $58.77 over the past 12 months. WFC shares are currently priced at 11.52x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 14.24x earnings multiple. And for income investors, the company pays shareholders $1.50 per share annually in dividends, yielding 3.12%. 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. What we find to be interesting is that the full-year EPS estimate of $4.27 is a $0.12 better 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 $21.70 Billion. If realized, that would be a 1.97% increase over the year-ago quarter. Recently, Susquehanna upgraded WFC from Neutral to Positive (Jan 20, 2016). Previously, Keefe Bruyette upgraded WFC from Mkt Perform to Outperform. The average price target for WFC shares by the analysts covering the stock is $57.28, which is 21.00% above where the stock opened this morning. See more in (NYSE:WFC) Similar Articles: Stock Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo First Quarter 2016 Earnings Information Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Commits $5 Million to Boost San Diego County Homeownership Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Commits $5 Million to Boost Maricopa Homeownership