Wells Fargo & Co (WFC) Given Media Sentiment Score of 0.99

News stories about Wells Fargo & Co (NYSE:WFC) have trended somewhat positive this week, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Wells Fargo & Co earned a news impact score of 0.99 on their scale. InfoTrie also gave news articles about the financial services provider an news buzz score of 9 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Wells Fargo & Co’s analysis:

Several analysts have recently commented on the stock. ValuEngine downgraded shares of Wells Fargo & Co from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Nomura reduced their price objective on shares of Wells Fargo & Co from $68.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, October 15th. BMO Capital Markets raised their price objective on shares of Wells Fargo & Co to $65.00 and gave the stock a “market perform” rating in a research report on Monday, October 15th. Macquarie raised shares of Wells Fargo & Co from a “neutral” rating to an “outperform” rating in a research report on Monday, October 15th. Finally, Wolfe Research assumed coverage on shares of Wells Fargo & Co in a research report on Tuesday, September 25th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. Wells Fargo & Co presently has an average rating of “Buy” and an average target price of $63.79.

NYSE WFC opened at $54.04 on Friday. Wells Fargo & Co has a 12-month low of $50.02 and a 12-month high of $66.31. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market capitalization of $259.45 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.04). Wells Fargo & Co had a net margin of 23.17% and a return on equity of 12.69%. The business had revenue of $21.94 billion during the quarter, compared to analyst estimates of $21.90 billion. On average, sell-side analysts expect that Wells Fargo & Co will post 4.5 earnings per share for the current year.

Wells Fargo & Co declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, October 23rd that authorizes the company to buyback 350,000,000 outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Friday, November 9th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, November 8th. Wells Fargo & Co’s dividend payout ratio (DPR) is presently 41.85%.

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About Wells Fargo & Co

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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