Wells Fargo Reports $5.7 Billion in Quarterly Net Income; Diluted EPS of $1.03
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Compass Point Sees Potential Increase in Provision Expenses for Wells Fargo (WFC) - Cuts PT to $54
January 19, 2016 8:04 AM ESTCompass Point maintained a Neutral rating on Wells Fargo (NYSE: WFC), and cut the price target to $54.00 (from $55.00), following the company's 4Q earnings. WFC reported EPS of $1.03, which was above the consensus estimate of $1.02. The price target reduction comes as Compass Point increases it's outlook for provision expense. WFC saw an uptick in credit related costs due to an increase in oil & gas related charge-offs during 4Q, while management warned of the potential... More
Wells Fargo (WFC) Estimates, PT Trimmed at Piper Jaffray on Increased Provisions
January 19, 2016 7:31 AM ESTWhile many other analysts are rushing out to defend Wells Fargo (NYSE: WFC), Piper Jaffray analyst, Kevin Barker, stands out with a contrarian call, reiterating his Neutral rating, cutting his price target and stating that consensus needs to come down.
The decline in forward... More
Wells Fargo (WFC) Tops Q4 EPS by 1c
January 15, 2016 8:01 AM ESTWells Fargo (NYSE: WFC) reported Q4 EPS of $1.03, $0.01 better than the analyst estimate of $1.02. Revenue was $21.6 billion versus the consensus of $21.8 billion.
Net income of $5.7 billion, stable compared with fourth quarter 2014Diluted EPS of $1.03, up 1 percentRevenue of $21.6 billion, up 1 percentPre-tax pre-provision profit1 of $9.2 billion, up 4 percentROA of 1.27 percent and ROE of 12.23 percentTotal average loans of $912.3 billion, up $62.9 billion, or 7 percentTotal average deposits of $1.2 trillion, up $67.0... More