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Company Update (NYSE:WFC): Wells Fargo to Present at the Bernstein Thirty-Second Annual Strategic Decisions Conference 2016

[Business Wire] – Wells Fargo & Company said today that President and COO Tim Sloan will present at the Bernstein Thirty-Second Annual Strategic Decisions Conference 2016 to be held in New York on Friday, June 3, at 9 a.m. Read more on this. Wells Fargo & Company (WFC) , with a current value of $246.14B, began trading this morning at $47.68. Today, shares have traded between $47.62 and $48.72 per share with its 52-week range being $44.50 to $58.77. WFC shares are currently priced at 11.56x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.67x earnings multiple. And for dividend hunters, the company pays shareholders $1.52 per share annually in dividends, yielding 3.15%. In a review of the consensus earnings estimate this quarter, 30 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. Investors should also note that the full-year EPS estimate of $4.12 is a $0.03 setback 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 perhaps the stock is under or overvalued, the average price target is $55.03, which is 15.42% above where the stock opened this morning. See more in (NYSE:WFC) Similar Articles: Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Second Quarter 2016 Earnings Information Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Introduces Go FarTM Rewards Stock Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo First Quarter 2016 Earnings Information
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