Wells Fargo Could Face $1B Penalty For Abuses

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Northside Capital Management Llc who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $248.14B market cap company. Highland Private Wealth Management boosted its stake in shares of Wells Fargo by 1.0% during the 2nd quarter. The stock was purchased at an average cost of $55.98 per share, for a total transaction of $503,820.00. Bessemer Gru stated it has 0.01% in Wells Fargo & Company (NYSE:WFC). It has underperformed by 19.30% the S&P500. Glenmede Trust Company Na sold 368,968 shares as the company's stock rose 6.48% while stock markets declined. On a per-share basis, JPMorgan earned $2.37 a share, up from $1.65 per share, beating analysts' forecasts. King Street Capital Management Lp who had been investing in Tenet Healthcare Corp for a number of months, seems to be less bullish one the $2.48 billion market cap company. The stock decreased 0.20% or $0.03 during the last trading session, reaching $14.64. About 987,525 shares traded. 37 are the (NYSE:WFC)'s analyst reports since October 16, 2017 according to StockzIntelligence Inc.

Capital World Investors increased its holdings in Wells Fargo by 10.8% in the second quarter. It has change of 0.02, from 2017Q3's 0.73. It improved, as 63 investors sold WFC shares while 746 reduced holdings. Geode Capital Management LLC grew its stake in Wells Fargo by 1.3% during the fourth quarter. The reduced tax expense was worth 17 cents a share, while the bank had one-time expenses worth 2 cents. Cap Advsr Inc Ok holds 5,541 shs or 0.02% of its capital. Thompson Siegel & Walmsley Limited Liability stated it has 9,428 shares. Mitchell Sinkler Starr Pa reported 0.42% of its portfolio in Wells Fargo & Company (NYSE:WFC). Deutsche Bank maintained the shares of GE in report on Tuesday, November 21 with "Sell" rating. Engineers Gate Manager L P, New York-based fund reported 84,360 shares. Banque Pictet Cie reported 249,133 shares. Western Standard LLC now owns 62,315 shares of the financial services provider's stock valued at $3,437,000 after purchasing an additional 30,653 shares in the last quarter. Virtu Ltd Com reported 54,766 shares stake. Advisory Grp accumulated 0.1% or 5,587 shares.

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Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity. Virginia-based Hendershot Invests has invested 0.11% in Wells Fargo & Company (NYSE:WFC). Therefore 41% are positive. Wells Fargo had 37 analyst reports since October 16, 2017 according to SRatingsIntel.

Among 22 analysts covering Wells Fargo (NYSE:WFC), 12 have Buy rating, 3 Sell and 7 Hold. On Friday, January 12 the firm has "Buy" rating by RBC Capital Markets given. The rating was maintained by Jefferies on Friday, August 11 with "Hold". The company was maintained on Friday, September 25 by Macquarie Research. Royal Bank of Canada downgraded shares of Wells Fargo from an outperform rating to an underperform rating in a research note on Monday, February 5th. Bank of America has "Buy" rating and $69 target.

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Wells Fargo & Company is a bank holding company. They expect $-0.02 earnings per share, up 92.59% or $0.25 from last year's $-0.27 per share. Citigroup reported earnings per share of $1.68 and its first-quarter revenue reached $18.9 billion.

Investors sentiment decreased to 0.88 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. 103 funds opened positions while 110 raised stakes. 7,005 were reported by Exane Derivatives. Timber Creek Capital Management LLC now owns 3,033 shares of the financial services provider's stock valued at $134,000 after buying an additional 700 shares during the last quarter. Mogy Joel R Investment Counsel accumulated 13,095 shares. Oregon Employees Retirement Fund reported 29,649 shares. 15,600 are held by Old Mutual Glob Invsts (Uk). 103,439 are held by Silvercrest Asset Mngmt Ltd Liability Corporation. Atlantic Lc invested 0.01% in Five Below, Inc. Chatham Cap has 0.14% invested in General Electric Company (NYSE:GE).

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WFC opened at $50.89 on Friday. Duncker Streett & Incorporated owns 42,311 shares for 0.66% of their portfolio.

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