Wells Fargo & Co. (WFC) Tops Q3 EPS by 1c
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Compass Point Downgrades Wells Fargo (WFC) to Neutral; 'Can't Fight the Fed'
October 15, 2012 7:39 AM EDTCompass Point downgraded Wells Fargo (NYSE: WFC) from Buy to Neutral with a price target of $37.00 (from $41.00) following Q3 results.
The firm comments: "It has become apparent that the company will have a difficult time showing meaningful earnings growth in the next year due to: (1) interest rates at historic lows, (2) 13% of the loan portfolio in run-off... More
Wells Fargo (WFC) Tops Q3 EPS Views, But Investors Weary on Easing Mortgage Activity
October 12, 2012 8:43 AM EDTWells Fargo (NYSE: WFC) is ticking lower Friday morning following third-quarter 2012 results and outlook.
Net income rose over 19 percent to $4.9 billion, or 88 cents per share. Revs were flat at about $21.2 billion.
The Street was looking for EPS of 87 cents and revs... More
