Bank regulator faults itself for missing Wells Fargo issues

Bank regulator faults itself for missing Wells Fargo issues

Bank regulator faults itself for missing Wells Fargo issues

The city has put out a request for proposals for banking services. The Relative Volume value measured for Wells Fargo & Company (WFC) is 1.77.

Several other large investors also recently modified their holdings of WFC. Empirical Finance LLC bought a new stake in shares of Wells Fargo & Co during the fourth quarter worth $128,000. The institutional investor owned 3,240,942 shares of the financial services provider's stock after selling 2,694,952 shares during the period. Marsico Ltd Com holds 3% of its portfolio in Wells Fargo & Co (NYSE:WFC) for 1.23M shares. Sharkey Howes & Javer now owns 5,959 shares of the financial services provider's stock worth $264,000 after buying an additional 44 shares in the last quarter.

Wells Fargo & Co (NYSE:WFC) traded down 0.57% during mid-day trading on Wednesday, reaching $52.15. $55.77's average target is 6.33% above currents $52.45 stock price. The firm has a market cap of $262.03 billion, a PE ratio of 13.11 and a beta of 0.98.

The stock volatility for week was 2.09% while for month was 1.81%.The stock, as of last close, traded 22.26% to its 52 week low and was changed -12.57% from its 52 week high. Murphy Pohlad Asset Limited Company reported 1.35% of its portfolio in Wells Fargo & Co (NYSE:WFC). The financial services provider reported $1.00 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.97 by $0.03. The firm had revenue of $21.60 billion for the quarter.

Wells Fargo & Company had its "neutral" rating reiterated by analysts at Piper Jaffray. The company's revenue for the quarter was down.9% compared to the same quarter previous year. Expected growth of Wells Fargo & Company (WFC) for the next year 5 years is 7.46 percent (per annum), as compared to 5.6 percent (per annum) in the past 5 years.

ILLEGAL ACTIVITY WARNING: "Exchange Capital Management Inc". On average, equities research analysts expect that Wells Fargo & Co will post $4.20 EPS for the current fiscal year. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of USA & global copyright law. The original version of this report can be accessed at https://transcriptdaily.com/2017/04/18/wells-fargo-co-wfc-ceo-timothy-j-sloan-acquires-39000-shares.html. Deutsche Bank maintained the shares of DD in report on Tuesday, October 6 with "Buy" rating. Evercore ISI reiterated an "outperform" rating and issued a $64.00 price target on shares of Wells Fargo & Co in a research report on Tuesday. Finally, Coconut Grove Bank boosted its stake in shares of Wells Fargo & Co by 54.9% in the third quarter.

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The Office of the Comptroller of the Currency failed to effectively monitor and investigate the sales practices at Wells Fargo & Co. that eventually led to the bank's cross-selling scandal, according to an internal OCC watchdog report released publicly on Wednesday.

Several investment firms issued their expert ratings on Wells Fargo & Company (WFC) in which PiperJaffray Upgrades Wells Fargo & Company (WFC) to Neutral with no specific Price Target on 4/10/17. BMO Capital Markets reaffirmed a "sell" rating and set a $50.00 target price on shares of Wells Fargo & Company in a research note on Wednesday, January 11th.

In other Wells Fargo & Co news, insider David M. Carroll sold 117,704 shares of the business's stock in a transaction dated Friday, March 3rd. They now have a Dollars 59 price target on the stock. The disclosure for this sale can be found here.

Chairman Stephen Sanger also bought stock in the company on Monday: 58,342 shares at $51.65, each, for a total value of $3 million, another filing said. Following the acquisition, the chief executive officer now owns 754,581 shares in the company, valued at $38,974,108.65. The disclosure for this purchase can be found here.

A bank official, however, says the city's money might remain with Wells Fargo.

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