First Look at Wells Fargo's (WFC) Q1 - Nomura

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Go back to First Look at Wells Fargo's (WFC) Q1 - Nomura

Jefferies Boosts Estimates on Wells Fargo (WFC) Post Q1

April 15, 2013 8:15 AM EDT

Jefferies raised estimates on Wells Fargo (NYSE: WFC) following Friday's Q1 results. The firm maintained their Buy rating and price target of $42.00.

"We increase our '13 estimate by $0.10 to $3.70 and our '14 estimate by $0.05 to $3.75," analyst Ken Usdin notes. "A lower... More

CLSA's Mike Mayo Thinks Wells' (WFC) Q1 Results 'Stunk'

April 12, 2013 2:11 PM EDT

Wells Fargo (NYSE: WFC) shares are lower on Friday's session following what would initially appear to be solid results from the San Francisco, CA-based institution.

As Nomura... More

U.S. Banks (XLF) on Watch as JPMorgan (JPM), Wells (WFC) Post Q1 Results

April 12, 2013 8:45 AM EDT

U.S. banks, as represented by ETF Financial Select Sector SPDR (NYSE: XLF), are ticking 0.75 percent lower in early trading Friday following quarterly results from two big names in the sector: JPMorgan (NYSE: JPM) and Wells Fargo (NYSE: WFC).

JPMorgan... More

UPDATE: Wells Fargo & Co. (WFC) Tops Q1 EPS by 4c, Sales Light of Views

April 12, 2013 8:00 AM EDT

(Updated - April 12, 2013 8:03 AM EDT)

Wells Fargo & Co. (NYSE: WFC) reported Q1 EPS of $0.92, $0.04 better than the analyst estimate of $0.88. Revenue was $21.3 billion, versus the consensus of $21.6 billion.

Tier 1 common equity under Basel I increased $14.1 billion from first quarter 2012 to $113.6 billion, with Tier 1 common equity ratio of 10.38 percent under Basel I at March 31, 2013. Estimated Tier 1 common equity ratio of 8.39 percent under current Basel III capital proposals.

Increased quarterly common stock dividend to $0.25 per share in first quarter 2013 and purchased approximately 17... More