Financial News

Market Update: Wells Fargo & Co (NYSE:WFC) – Samsung Pay Now Available for Wells Fargo Customers

[Business Wire] – Today Wells Fargo Bank, N.A. customers may use a Samsung mobile device to use Samsung Pay to conveniently make purchases at magnetic stripe payment terminals as well as terminals set up for contactless payments. Read more on this. Wells Fargo & Company (WFC) , currently valued at $251.65B, opened at $48.84. Shares have traded today between $48.61 and $49.44 per share with a one year range of $44.50 to $58.77. WFC shares are currently priced at 11.44x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.27x forward p/e ratio. 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. Investors should also note that the full-year EPS estimate of $4.26 is a $0.11 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. More recently, Susquehanna upgraded WFC from Neutral to Positive (Jan 20, 2016). Previously, Keefe Bruyette upgraded WFC from Mkt Perform to Outperform. When considering if the stock is under or overvalued, the average price target is $57.15, which is 17.01% above where the stock opened this morning. See more in (NYSE:WFC) Similar Articles: Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Commercial Real Estate Hires Industry Veteran Jeff Miller 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 Market Update: Wells Fargo & Co (NYSE:WFC) – Android Pay™ Available for Wells Fargo Customers
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