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Wells Fargo & Co Add to portfolio

INX:WFC, Jan 21, 04:39 UTC

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Apple (NASDAQ:AAPL) Given Market Perform Rating at Wells Fargo & Co – Fairfield Current

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DA Davidson reaffirmed a “buy” rating and issued a $265.00 target price (up previously from $230.00) on shares of Apple in a research report on Wednesday, September 5th. Three equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and twenty-two have assigned a buy rating to the company. Apple currently has a consensus rating of “Hold” and an average target price of $195.74. Janus Henderson Group PLC now owns 20,833,222 shares of the iPhone maker’s stock valued at $4,703,027,000 after purchasing an additional 3,293,674 shares during the period.

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  • Financial
  • Health

Friday, January 18


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Elizabeth Warren wants Wells Fargo removed from college campuses

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Sen. Elizabeth Warren slammed Wells Fargo this week for overcharging college students with what she described as exorbitant fees, demanding the scandal-ridden bank be kicked off of campuses. The Massachusetts Democratic and likely presidential candidate said Thursday that her review of the long-delayed Consumer Financial Protection Bureau (CFPB) report revealed that fees charged to college students by Wells Fargo for debit cards and other financial products were more than three times higher than the average charges by other financial institutions. "Wells Fargo has a history of aggressively and sometimes illegally squeezing its customers to boost its profits, and this report illustrates that the bank is deploying similar tactics on America's college campuses to target vulnerable students,” she said in a statement, adding, “These high fees, which are an outlier within the industry, demonstrate conclusively that Wells Fargo does not belong on college campuses." Wells Fargo is no stranger to scandals: In April, the Consumer Financial Protection Bureau slapped the bank with a record $1 billion fine for misbehavior in its auto and mortgage businesses, like charging customers for auto insurance they didn’t need, or pushing some to default on their loans and lose their cars through repossession.

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  • Education
  • Financial
  • US
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Bank Stock Roundup: Q4 Earnings Season Begins, Wells Fargo, BofA & Citi Top Estimates

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Most banks that reported fourth-quarter 2018 results this week managed to record bottom-line improvement, driven by rising rates, improving asset quality and lower taxes. In addition to the benefits from higher interest rates, banks’ performance mirrored a marginal upswing in loans.Importantly, though escalating trade-war concerns, Brexit issues, anxiety on rising rates and some other geo-political tensions during the quarter created high volatility, dismal fixed income trading performance was recorded. (Read: Bank Stock Roundup for the Week Ending Dec 21, 2018)Important Earnings of the Week1. Dismal fixed income trading and underwriting business performance affected JPMorgan’s JPM fourth-quarter 2018 earnings of $1.98 per share, which lagged the Zacks Consensus Estimate of $2.20. However, the figure surged 85% from the prior-year quarter. As expected, Markets revenues recorded a fall.

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Thursday, January 17


News

Wells Fargo Slashes Western Digital Estimates On Tough 2019 Projection

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Wells Fargo Slashes Western Digital Estimates On Tough 2019 Projection. BenzingaJanuary 17, 2019, 4:57 PM GMT. While the third and fourth quarters of this year could be difficult for Western Digital Corp (NASDAQ: WDC), concerns about the company's balance sheet appear overblown, according to Wells Fargo. Wells Fargo’s Aaron Rakers maintained an Outperform rating on Western Digital with an unchanged $65 price target. Wells Fargo lowered its Q2 revenue and EPS estimates from $4.34 billion to $4.155 billion and from $1.57 to $1.45, respectively.

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GrubHub (GRUB) Given a $85.00 Price Target by Wells Fargo & Co Analysts – Fairfield Current

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Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. 32,931 shares of the company’s stock were exchanged, compared to its average volume of 1,667,167. Equities research analysts expect that GrubHub will post 1.3 earnings per share for the current fiscal year. In related news, SVP Margo Drucker sold 1,666 shares of the firm’s stock in a transaction that occurred on Monday, October 22nd.

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Has Time Expired for Wells Fargo's Leadership Team?

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A recent Charlotte Observer article referred to Wells Fargo (NYSE: WFC) as an "embarrassment," citing the latest multimillion-dollar settlements the bank has agreed to pay as a result of its bad behavior. In this Industry Focus: Financials clip, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss whether it might be time for the bank to make some big changes at the top of its organization. There's a skepticism, I think, when it comes to insurance for a lot of people already, just that very initial leap. But then, to do something like that...I don't even know where to begin. Frankel: They sent me a letter saying that they didn't have verification that I had insurance on their auto loan, and that they were going to charge me for their own policy unless I verified my insurance, which I'd had with no lapse for six years.

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Wednesday, January 16


News

3 Internet Stock Picks for Playing It Safe in 2019, According to Wells Fargo

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Wells Fargo Securities is a bit less optimistic about the economy this year, but still believes several Internet stocks can do well. The firm’s Internet analyst Robert Coolbrith shared with the bank’s clients his top three large-cap-stock picks. Here are the three Outperform-rated companies that made his top ideas list for 2019 and their price targets.

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Steady Activities: Wells Fargo & Company (NYSE:WFC) & TJX Companies, Inc. (The) (NYSE:TJX)

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Steady Activities: Wells Fargo & Company (NYSE:WFC) & TJX Companies, Inc. (The) (NYSE:TJX). Headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,400 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. Wells Fargo & Company has 52-Week high of $66.31 and 52-Week Low of $43.02. Wells Fargo & Company (NYSE) reported its last quarterly earnings on 9/29/2018 where the firm reported its Actual EPS of $1.13/share against the analyst consensus estimate of $1.17/share.

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What Wall Street Didn't Like About Wells Fargo's Earnings

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Jordan Wathen, The Motley FoolMotley FoolJanuary 16, 2019, 2:30 AM GMT. The market didn't like something in Wells Fargo's (NYSE: WFC) earnings report, as shares fell nearly 3% at their low on Tuesday morning after the bank posted results for the fourth quarter. The stress tests revealed that Wells Fargo was on solid footing, as the Fed raised no objections to its plan to buy back nearly $25 billion in stock. If the Fed had an issue with Wells Fargo's balance sheet -- if it saw real and serious problems that would affect its loan portfolio -- it had all the cover it needed to tell Wells Fargo "no" to buying back stock. That message, when taken together with the Fed's approval for the largest buyback plan of any big four bank, was taken as a sign that it wouldn't be much longer until Wells Fargo would get regulatory approval to grow again. Even as recently as last month, the message from Wells Fargo's chief executive was that the bank could be just months from the end of the asset cap restriction. Yet, here we are.

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Tuesday, January 15


News

Netflix, UnitedHealth and Edwards climb; Wells Fargo dips

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NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday:. The video streaming company said it will raise prices for its U.S. subscribers. Technology stocks got a boost from news that China is moving to stimulate economic growth. The consumer bank's revenue fell short of expectations as its business remains restrained by federal regulators.

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  • Financial
  • US