Analysts forecast that Wells Fargo & Company (NYSE:WFC) will post sales of $22.23 billion for the current quarter, according to Zacks. Five analysts have made estimates for Wells Fargo &’s earnings, with the highest sales estimate coming in at $22.62 billion and the lowest estimate coming in at $22.02 billion. Wells Fargo & reported sales of $21.58 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3%. The business is expected to announce its next quarterly earnings report on Friday, January 12th.

On average, analysts expect that Wells Fargo & will report full-year sales of $22.23 billion for the current financial year, with estimates ranging from $87.98 billion to $89.70 billion. For the next financial year, analysts expect that the business will report sales of $90.40 billion per share, with estimates ranging from $89.33 billion to $93.39 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Wells Fargo &.

Wells Fargo & (NYSE:WFC) last announced its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). The firm had revenue of $21.93 billion during the quarter, compared to analyst estimates of $22.30 billion. Wells Fargo & had a net margin of 22.00% and a return on equity of 12.59%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS.

Several analysts have recently issued reports on WFC shares. UBS AG reiterated a “neutral” rating and issued a $56.00 target price (down previously from $59.00) on shares of Wells Fargo & in a research note on Friday, September 15th. Zacks Investment Research upgraded shares of Wells Fargo & from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $50.00 target price (down previously from $52.00) on shares of Wells Fargo & in a research note on Wednesday, September 13th. Berenberg Bank lowered shares of Wells Fargo & from a “hold” rating to a “sell” rating and upped their target price for the stock from $35.00 to $45.00 in a research note on Friday, July 21st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $58.00 target price on shares of Wells Fargo & in a research note on Tuesday, September 5th. Seven analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $57.14.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Delphi Private Advisors LLC raised its stake in Wells Fargo & by 262.8% in the second quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,461 shares in the last quarter. Alexandria Capital LLC raised its stake in Wells Fargo & by 0.3% in the first quarter. Alexandria Capital LLC now owns 1,826 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 6 shares in the last quarter. Brick & Kyle Associates raised its stake in Wells Fargo & by 9.5% in the first quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 162 shares in the last quarter. Stelac Advisory Services LLC purchased a new stake in Wells Fargo & in the second quarter valued at approximately $104,000. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in Wells Fargo & by 0.3% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 6 shares in the last quarter. 75.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wells Fargo & (NYSE WFC) opened at 54.91 on Tuesday. The firm has a 50-day moving average of $53.48 and a 200-day moving average of $53.47. Wells Fargo & has a 52 week low of $44.49 and a 52 week high of $59.99. The firm has a market cap of $270.59 billion, a PE ratio of 14.19 and a beta of 0.97.

Wells Fargo & announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $11.50 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.

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Earnings History and Estimates for Wells Fargo & (NYSE:WFC)

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