Fitch Positive on Wells Fargo (WFC) Following Q2 Report; Ratings Affirmed
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BMO Capital Cuts Price Target on Wells Fargo (WFC) to $50 Following EPS Miss
July 18, 2016 9:21 AM EDTBMO Capital reiterated an Underperform rating on Wells Fargo (NYSE: WFC), and cut the price target to $50.00 (from $52.00), following the company's 2Q earnings report. WFC reported EPS of $0.94, missing the consensus estimate of $1.01. BMO's Core EPS estimates for 2016 have been cut to $3.80 from $4.05.
Analyst... More
UPDATE: Wells Fargo (WFC) Posts Q2 of $1.01, Inline with Views
July 15, 2016 8:00 AM EDT(Updated - July 15, 2016 8:01 AM EDT)
Wells Fargo (NYSE: WFC) reported Q2 EPS of $1.01, versus the analyst estimate of $1.01. Revenue for the quarter came in at $22.2 billion versus the consensus estimate of $22.25 billion.
For earnings history and earnings-related data on Wells Fargo (WFC) click here.
... MoreWall Street ends flat but futures slip after Turkey coup reports
July 15, 2016 7:38 AM EDTBy Rodrigo Campos
NEW YORK (Reuters) - The Dow industrials ended at a record high on Friday and major indexes closed a third consecutive week of gains as upbeat economic data and the start of earnings season gave investors confidence.
But equity futures fell after the closing bell following reports of a coup in Turkey. The military said it had seized power, but the prime minister said the attempted coup would be put down.
"U.S. (Treasury) yields have fallen, the Turkish lira plummeted, gold is up, you could call it a textbook response to this... More
