The business had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.25 billion.
In case of Revenue Estimates, 22570000 analysts have provided their consensus Average Revenue Estimates for Wells Fargo & Company as 18000. Currently Wells Fargo & Company (WFC) has beta value of 0.95. During the same quarter previous year, the firm earned $0.99 EPS.
Marks, speaking out of turn at Wells Fargo's annual meeting in Florida on Tuesday, urged members of the board to "have the guts" to explain "whether you were complicit or incompetent" in their knowledge of the scandal where 5,300 employee were fired for creating some two million fake accounts.
Sandeep Dahiya, a Georgetown business school professor, called the levels of dissent "highly unusual" and predicted that some Wells Fargo directors could leave within a year due to their low support.
In terms of Banco Santander, S.A. (SAN) stock price comparison to its moving averages, shares of company are 13.82% away from the 50-day moving average and 9.52% away from 20-day average. The Market Capitalization of the company stands at 265.46 Billion.
The number of shares now held by investors is 5 Billion. Wells Fargo & Company P/E (price to earnings) ratio is 13.26 and Forward P/E ratio of 11.7.
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In other Wells Fargo & Co news, CEO Timothy J. Sloan bought 39,000 shares of the firm's stock in a transaction that occurred on Monday, April 17th. With the last stock price close up 0.60% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The shares were acquired at an average price of $51.65 per share, with a total value of $3,013,364.30. Corporate insiders own 0.29% of the company's stock. The disclosure for this purchase can be found here. Triangle Securities Wealth Management's holdings in Wells Fargo & Co were worth $2,615,000 at the end of the most recent reporting period. Trent Capital Management Inc. Inc. boosted its position in shares of Wells Fargo & Co by 2.7% in the third quarter. Rocky Mountain Advisers LLC boosted its stake in shares of Wells Fargo & Co by 117.6% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,850 shares of the financial services provider's stock valued at $102,000 after buying an additional 1,000 shares in the last quarter. Alexandria Capital LLC now owns 1,826 shares of the financial services provider's stock worth $102,000 after buying an additional 6 shares in the last quarter.
Many analysts are providing their Estimated Earnings analysis for Wells Fargo & Company and for the current quarter 27 analysts have projected that the stock could give an Average Earnings estimate of $1.02/share. Acadian Asset Management LLC now owns 2,511,003 shares of the financial services provider's stock valued at $111,188,000 after buying an additional 1,240,585 shares in the last quarter.
Shares of Wells Fargo & Company (WFC) touched the day high at $55.07 while its day Low was at $54.36. FIL Ltd now owns 8,182,986 shares of the financial services provider's stock valued at $450,964,000 after buying an additional 5,706,977 shares during the period. Institutional investors own 73.25% of the company's stock.
A number of other research firms have also recently issued reports on WFC. On average, equities research analysts predict that Wells Fargo & Co will post $4.18 EPS for the current year. FBR & Co reaffirmed a "hold" rating on shares of Wells Fargo & Co in a report on Thursday, December 15th.
Mr. Buffett, who holds the largest stake in Wells Fargo, has not elaborated publicly on his decision to back the current board.
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