The shares of Wells Fargo & Company (NYSE:WFC) has been pegged with a rating of Sector Perform by RBC Capital Mkts in its latest research note that was published on January 2nd, 2019. RBC Capital Mkts wasn’t the only research firm that published a report of Wells Fargo & Company, with other equities research analysts also giving their opinion on the stock. Barclays advised investors in its research note published on January 2nd, 2019, to Overweight the WFC stock while also putting a $64 price target. The stock had earned Buy rating from Citigroup when it published its report on November 2nd, 2018. The stock was given Outperform rating by Macquarie in its report released on October 15th, 2018. Edward Jones was of a view that WFC is Buy in its latest report on September 17th, 2018. Macquarie thinks that WFC is worth Neutral rating. This was contained in the firm’s report on September 7th, 2018.
Amongst the analysts that rated the stock, 2 have recommended investors to sell it, 12 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $57.00. The price of the stock the last time has raised by 10.76% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 39.96.
The shares of the company dipped by 0.00% during the trading session on Monday, reaching a low of $47.38 while ending the day at $47.65. During the trading session, a total of 15.6 million shares were traded which represents a 35.64% incline from the average session volume which is 24.24M shares. WFC had ended its last session trading at 47.65. Wells Fargo & Company currently has a market cap of $226.32B, while its P/E ratio stands at 11.13, while its P/E earnings growth sits at 3.50, with a beta of 1.10. Wells Fargo & Company debt-to-equity ratio currently stands at 1.26, while its quick ratio hovers at . WFC 52-week low price stands at $43.02 while its 52-week high price is $61.27.
The company in its last quarterly report recorded $1.09 earnings per share which is below the $1.17 predicted by most analysts. The Wells Fargo & Company generated $20,980.00 million in revenue during the last quarter, which is slightly lower than the $21,730.70 million predicted by analysts. In the second quarter last year, the firm recorded $1.16 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -6.42%. Wells Fargo & Company has the potential to record 4.28 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Jefferies published a research note on January 8th, 2019 where it informed investors and clients that JPMorgan Chase & Co. (NYSE:JPM) is now rated as Hold. Barclays also rated JPM as Reiterated on January 2nd, 2019, with its price target of $64 suggesting that JPM could surge by 13.21% from its current share price. Even though the stock has been trading at $101.36/share, analysts expect it to surge higher by -0.47% to reach $116.24/share. It started the day trading at $102.01 and traded between $100.77 and $100.88 throughout the trading session.
A look at its technical shows that JPM’s 50-day SMA is 101.78 while its 200-day SMA stands at 108.77. The stock has a high of $119.33 for the year while the low is $91.11. The company’s P/E ratio currently sits at 11.23, while the P/B ratio is 1.47. The company’s average trading volume currently stands at 16.84M shares, which means that the short-interest ratio is just 1.20 days. Over the past seven days, the company moved, with its shift of -3.23%. Looking further, the stock has dropped -9.51% over the past 90 days while it lost -13.69% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more JPM shares, increasing its portfolio by +0.06% during the last quarter. This move now sees The Vanguard Group Inc purchasing 143,549 shares in the last quarter, thus it now holds 249,993,666 shares of JPM, with a total valuation of $24,404,381,675. SSgA Funds Management Inc meanwhile bought more JPM shares in the recently filed quarter, changing its stake to $15,303,914,831 worth of shares. BlackRock Fund Advisors followed the path by decreasing its JPM portfolio by -1.18% in the quarter. This means that BlackRock Fund Advisors sold -1,681,550 shares in the last quarter and now controls 140,750,363 shares of the JPM stock, with the valuation hitting $13,740,050,436.
Similarly, Capital Research Management Co decreased its JPMorgan Chase & Co. shares by -3.53% during the recently filed quarter. After selling -2,345,788 shares in the last quarter, the firm now controls 64,026,119 shares of JPMorgan Chase & Co. which are valued at $6,250,229,737. In the same vein, T Rowe Price Associates Inc increased its JPMorgan Chase & Co. shares by during the most recent reported quarter. The firm bought 1,332,470 shares during the quarter which increased its stakes to 63,968,443 shares and is now valued at $6,244,599,406. Following these latest developments, around 0.10% of JPMorgan Chase & Co. stocks are owned by institutional investors and hedge funds.