Financial News

Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo beats appeal over voided Money Store verdict

[Reuters] – A federal appeals court on Friday rejected a bid to revive a $54.8 million jury verdict against Wells Fargo & Co, saying the trial judge had authority to take the “drastic step” of decertifying the class action after the award was made. In a decision that could end 15 years of litigation, the 2nd U.S. Circuit Court of Appeals in Manhattan said U.S. District Judge John Koeltl met a high legal standard in finding that borrowers whose mortgages had been owned or serviced by The Money Store and HomEq Servicing could not sue as a group. A jury in Manhattan held Wells Fargo liable in December 2014. Read more on this. , with a current value of $recting to http://finance.ya, ended trading yesterday at $. Today’s price range has been between $ per share with a one year range of $. Priced at x this year’s forecasted earnings, WFC shares are relatively inexpensive compared to the industry’s x forward p/e ratio. Consensus earnings for the current quarter by the 0 sell-side analysts covering the stock is an estimate of $ per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $, which would be a $0.00 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $0.00 . If reported, that would be a 0.00% decrease over the year-ago quarter. More recently, d WFC from to (/fi). Previously, d WFC from to . Given all the information above, we should disclose to readers that the average price target is $, which is 0.00% below than it opened this morning. See more in (NYSE:WFC) Similar Articles: Market Update (NYSE:WFC): Wells Fargo Commits $4.1 Million to Boost Columbia, S.C.-Area Homeownership Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Closed-End Funds Declare Monthly Dividends Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Commercial Real Estate Hires Industry Veteran Jeff Miller
Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info