Financial News

Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Introduces Go FarTM Rewards

[Business Wire] – Wells Fargo & Company today announced Go FarTM Rewards, its enhanced credit card rewards program available to all customers with a rewards-based credit card from Wells Fargo. Read more on this. Wells Fargo & Company (WFC) , currently valued at $256.15B, opened this morning at $50.50. Looking at today’s market, WFC one day range is $50.17 to $50.75 with a one year range of $44.50 to $58.77. WFC shares are currently priced at 11.89x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.06x earnings multiple for the same period. The company pays shareholders $1.50 per share annually in dividends, yielding 2.97%. According to a consensus of 29 analysts, the earnings estimate of $0.99 per share would be $0.05 worse than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.25 would be a $0.10 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $21.70 Billion. If reported, 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. Given all the information above, we should disclose to readers that the average price target is $57.02, which is 12.91% above than it opened this morning. See more in (NYSE:WFC) Similar Articles: Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Completes Acquisition of GE Capital’s North American Commercial Distribution Finance and Vendor Finance Businesses 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
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