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Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Provides $22 Million for Much-Needed Affordable Housing in San Bernardino

[Business Wire] – Wells Fargo & Company , a leader in affordable housing, has provided $22.7 million for the construction of affordable multifamily housing in San Bernardino, California. Read more on this. Wells Fargo & Company (WFC) , with a current value of $249.79B, started trading this morning at $49.34. Shares have traded today between $49.04 and $49.58 per share with the price of the stock fluctuating between $44.50 to $58.77 over the last 52 weeks. Wells Fargo (WFC) shares are currently priced at 11.91x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.61x earnings multiple for the same period. The company pays shareholders $1.52 per share in dividend income per year, for a current yield of 3.11%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $1.02 per share, which would be $0.01 worse than the year-ago quarter and a $0.04 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.12 would be a $0.03 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.27 Billion. If reported, that would be a 4.46% increase over the year-ago quarter. More recently, Piper Jaffray downgraded WFC from Neutral to Underweight (Apr 15, 2016). Previously, Sandler O’Neill downgraded WFC from Buy to Hold. When considering if the stock is under or overvalued, the average price target is $55.03, which is 11.53% above where the stock opened this morning. See more in (NYSE:WFC) Similar Articles: Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo to pay California $8.5 million for privacy law violations 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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