EPS for Wells Fargo & Company (WFC) Expected At $1.04

Marco Green
December 15, 2017

Raab & Moskowitz Asset Management Llc decreased its stake in Wells Fargo Co New Com (WFC) by 30.7% based on its latest 2017Q2 regulatory filing with the SEC.

ILLEGAL ACTIVITY WARNING: "Northwestern Mutual Investment Management Company LLC Sells 733,990 Shares of Wells Fargo & Company (WFC)" was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. After $1.04 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00 % EPS growth. Cormorant Asset Management Lc invested in 1.30M shares or 4.29% of the stock. Iab Financial Bank who had been investing in Wells Fargo & Co New Common for a number of months, seems to be less bullish one the $291.62B market cap company. The stock increased 1.03% or $0.61 during the last trading session, reaching $59.83. About 14.73 million shares traded.

Synovus Financial Corp grew its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 1.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. It has underperformed by 7.03% the S&P500. First Citizens Bank & Trust Co. now owns 103,269 shares of the financial services provider's stock valued at $5,722,000 after acquiring an additional 4,647 shares during the period. The institutional investor held 455 shares of the business services company at the end of 2017Q2, valued at $4.27 million, down from 20,884 at the end of the previous reported quarter. The stock decreased 0.30% or $0.18 during the last trading session, reaching $59.22. OMER's SI was 8.14M shares in December as released by FINRA. Matrix Service Company (MTRX) has declined 43.23% since December 15, 2016 and is downtrending. It has outperformed by 25.89% the S&P500.

Investors sentiment increased to 1.06 in 2017 Q2. Its up 0.12, from 0.76 in 2017Q1. 153 funds opened positions while 670 raised stakes. The firm owned 176,263 shares of the financial services provider's stock after selling 733,990 shares during the quarter. (NASDAQ:AMZN). Mackenzie Fin Corporation holds 0.11% or 20,226 shares. Quantbot Technology LP owns 2,330 shares for 0% of their portfolio. Cramer Rosenthal Mcglynn Limited Liability Corporation accumulated 1.08 million shares. 91,145 are held by Hills Financial Bank & Tru. Middleton & Com Ma stated it has 47,214 shares. 15,452 are held by Asset Mngmt Inc. 53,180 were accumulated by Chicago Equity Ptnrs Limited Com. They expect $1.56 EPS, up 12.23% or $0.17 from last year's $1.39 per share. Smithfield Company reported 41,621 shares. Ycg Ltd Liability Com stated it has 447,427 shares. The California-based Granite Investment Partners Llc has invested 0.72% in the stock. Bancorpsouth owns 17,602 shares for 0.01% of their portfolio. It also increased its holding in Bp Adr Sponsored (NYSE:BP) by 28,052 shares in the quarter, for a total of 39,381 shares, and has risen its stake in Vereit.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on January, 12. They expect $-0.04 earnings per share, up 66.67% or $0.08 from last year's $-0.12 per share. After $0.52 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts 276.92% EPS growth. (NYSE:PSB), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 46% are positive. Sprint Nextel Corporation had 70 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has "Outperform" rating by Keefe Bruyette & Woods on Wednesday, April 5. Compass Point maintained the stock with "Neutral" rating in Tuesday, January 19 report. The firm has "Buy" rating given on Monday, October 9 by Citigroup. The company was maintained on Friday, October 13 by Piper Jaffray. The rating was downgraded by Guggenheim to "Neutral" on Wednesday, April 6. The firm has "Hold" rating given on Thursday, August 10 by Oppenheimer. The firm has "Market Perform" rating by BMO Capital Markets given on Monday, October 16. JP Morgan downgraded the stock to "Neutral" rating in Wednesday, September 21 report. UBS initiated Wells Fargo & Company (NYSE:WFC) rating on Thursday, March 24. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since December 15, 2016 and is uptrending. Therefore 42% are positive. Patriot Financial Group Insurance Agency LLC boosted its stake in Wells Fargo & Company by 0.3% in the second quarter. Robert W. Baird maintained it with "Buy" rating and $58.0 target in Friday, November 10 report. RBC Capital Markets maintained it with "Buy" rating and $60.0 target in Friday, October 6 report. As per Monday, November 21, the company rating was upgraded by Robert W. Baird.

COPYRIGHT VIOLATION NOTICE: "Intercontinental Wealth Advisors LLC Invests $732,000 in Wells Fargo & Company (WFC)" was reported by TrueBlueTribune and is the property of of TrueBlueTribune. Jefferies maintained it with "Hold" rating and $6200 target in Friday, August 11 report.

Investors sentiment increased to 0.88 in Q2 2017. Its up 0.12, from 0.76 in 2017Q1. It improved, as 85 investors sold Wells Fargo & Company shares while 685 reduced holdings. 110 funds opened positions while 566 raised stakes. Winch Advisory Services LLC boosted its holdings in shares of Wells Fargo & Company by 0.7% during the 2nd quarter. 853,499 are held by Great Lakes Advsr Lc. Glenmede Company Na invested in 2.13M shares or 0.57% of the stock. 199,318 were reported by Meyer Handelman Company. Jones Collombin Inv Counsel has invested 2.55% of its portfolio in Wells Fargo & Company (NYSE:WFC). Rafferty Asset Mgmt Ltd Liability Co holds 1.06% or 667,572 shares.

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. State Treasurer State Of Michigan holds 2.15% or 5.14M shares in its portfolio.

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