Stock Update (NYSE:WFC): Wells Fargo Donates $100,000 for Storm Relief Efforts in Texas

[Business Wire] – Wells Fargo & Company said today the company will donate $100,000 to the American Red Cross to support relief efforts for those impacted by recent tornadoes in north Texas. Read more on this. Wells Fargo & Company (WFC) , valued at $280.20B, opened at $54.51. During the trading session, WFC traded between $54.22 to $54.95 and has traded between $47.75 and $58.77 over the past 12 months. Wells Fargo (WFC) shares are currently priced at 13.32x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.89x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.50 per share annually in dividends, yielding 2.76%. According to a consensus of 30 analysts, the earnings estimate of $1.03 per share would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.15 is a $0.05 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $21.83 Billion. If realized, that would be a 1.82% increase over the year-ago quarter. Recently, Piper Jaffray Initiated WFC at Neutral (Nov 24, 2015). Previously, JP Morgan upgraded WFC from Neutral to Overweight. When considering if the stock is under or overvalued, the average price target is $58.65, which is 7.59% above where the stock opened this morning. See more in (NYSE:WFC) Similar Articles: Company Update: Wells Fargo & Co (NYSE:WFC) – American Red Cross: ‘Thank You’ to Wells Fargo Customers Who Donated $300,000 for California Wildfire Relief Through Bank’s ATM Network Stock Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Eyes Metro Park for New Commercial Hub in Central NJ Stock Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Names Perry Pelos to Oversee Commercial, Corporate & Treasury Management