Wells Fargo & Co. Sees Unusually Large Options Volume (WFC)
Wells Fargo & Co. (NYSE:WFC) was the recipient of unusually large options trading on Monday. Stock investors purchased 18,758 call options on the stock, AnalystRatingsNetwork reports. This represents an increase of 108% compared to the typical volume of 9,012 call options.
WFC has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Wells Fargo & Co. (NYSE:WFC) in a research note to investors on Friday, September 6th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Wells Fargo & Co. (NYSE:WFC) in a research note to investors on Wednesday, August 28th. They now have a $43.00 price target on the stock.
Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $42.96.
Shares of Wells Fargo & Co. (NYSE:WFC) traded up 1.66% on Monday, hitting $42.89. 19,328,978 shares of the company’s stock traded hands. Wells Fargo & Co. has a 52 week low of $31.25 and a 52 week high of $44.79. The stock has a 50-day moving average of $42.64 and a 200-day moving average of $40.02. The company has a market cap of $227.7 billion and a price-to-earnings ratio of 11.43.
Wells Fargo & Co. (NYSE:WFC) last released its earnings data on Friday, July 12th. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.93 by $0.05. The company had revenue of $21.40 billion for the quarter, compared to the consensus estimate of $21.21 billion. During the same quarter last year, the company posted $0.82 earnings per share. Wells Fargo & Co.’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that Wells Fargo & Co. will post $3.84 earnings per share for the current fiscal year.
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company.
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