Wells Fargo & Company (NYSE:WFC) will be issuing its quarterly earnings data before the market opens on Friday, October 13th. Analysts expect the company to announce earnings of $1.06 per share for the quarter.

Wells Fargo & (NYSE:WFC) last announced its earnings results on Friday, July 14th. The financial services provider reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.05. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.23 billion. Wells Fargo & had a return on equity of 12.65% and a net margin of 23.25%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. On average, analysts expect Wells Fargo & to post $4.14 EPS for the current fiscal year and $4.40 EPS for the next fiscal year.

Wells Fargo & Company (NYSE WFC) opened at 55.39 on Friday. The stock has a market cap of $274.95 billion, a PE ratio of 13.64 and a beta of 0.97. Wells Fargo & Company has a one year low of $44.28 and a one year high of $59.99. The stock has a 50 day moving average price of $52.48 and a 200-day moving average price of $53.60.

Wells Fargo & declared that its Board of Directors has authorized a stock repurchase program on Wednesday, June 28th that allows the company to repurchase $11.50 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Institutional investors and hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. increased its position in shares of Wells Fargo & by 63.9% during the second quarter. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 891 shares in the last quarter. Ackerman Capital Advisors LLC acquired a new stake in shares of Wells Fargo & during the second quarter worth about $203,000. Colonial Trust Advisors acquired a new stake in shares of Wells Fargo & during the second quarter worth about $214,000. Highland Private Wealth Management increased its position in shares of Wells Fargo & by 1.0% during the second quarter. Highland Private Wealth Management now owns 4,481 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 43 shares in the last quarter. Finally, Empirical Finance LLC acquired a new stake in shares of Wells Fargo & during the second quarter worth about $275,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Several research analysts recently weighed in on WFC shares. Keefe, Bruyette & Woods set a $61.00 price objective on Wells Fargo & and gave the stock a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Wells Fargo & from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Deutsche Bank AG reiterated a “buy” rating on shares of Wells Fargo & in a research report on Monday, July 3rd. Robert W. Baird reiterated a “buy” rating and issued a $58.00 price objective on shares of Wells Fargo & in a research report on Tuesday, September 5th. Finally, BidaskClub upgraded Wells Fargo & from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Wells Fargo & has an average rating of “Hold” and an average target price of $56.41.

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Wells Fargo & Company Profile

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

Earnings History for Wells Fargo & (NYSE:WFC)

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