Wells Fargo & Company (WFC) : 17 investment research analysts covering Wells Fargo & Company (WFC) have an average price target of $56.06 for the near short term. The highest target price given by the Brokerage Firm to the stock is $64 and the lowest target is $45 for the short term. Analysts expect the variance to be within $5.92 of the average price.
Wells Fargo & Company (WFC), A increase of 1,648,723 shares or 6.7% was observed in the short interest of Wells Fargo & Company The interest on June 30,2016 came in at 26,396,066 shares and as per the average daily trading of 23,509,431 shares, the days to cover are 1. The increased interest is 0.5% of the floated shares. The data of June 15,2016 put the interest at 24,747,343 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Major Brokerage house, Raymond James downgrades its ratings on Wells Fargo & Company (NYSE:WFC). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 7, 2016.
Wells Fargo & Company (NYSE:WFC): stock turned positive on Thursday. Though the stock opened at $49.05, the bulls momentum made the stock top out at $49.15 level for the day. The stock recorded a low of $48.67 and closed the trading day at $48.94, in the green by 1.39%. The total traded volume for the day was 17,578,435. The stock had closed at $48.27 in the previous days trading.
Wells Fargo & Company is a financial services and bank holding company. The Companys segments are Community Banking, Wholesale Banking, and Wealth and Brokerage and Retirement. The Companys Community Banking segment offers a range of financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. The Community Banking segments products include investment, insurance and trust services, and mortgage and home equity loans. The Community Banking segments products and business segments include middle market commercial banking, government and institutional banking, corporate banking and commercial real estate, among others. The Companys Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.